Monday, January 03, 2011

Daily News Letter Dated 3rd January 2011---Gain from us. Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

~~OM~~

India Stock (A Unit of IBN Services, New Delhi)

Daily News Letter—Dated 3rd January 2011

E-Mail: info@ibnservice.com or ibnservices@gmail.com

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Advice: Book profits in Day-trade at gain of 1.5--3% in stock (Cash/Fut.) & don’t take risk with your money.

NIFTY: Last Close: 6134.50 (32.65) Resis – 6180, 6250, 6350, 6440, 6500 Supports – 5950, 5800, 5700, 5550, 5400

SENSEX: Last Close: 20509.09 (120.02) Resis – 20700, 21000, 21300, 21650 Supports – 19800, 19300, 19000, 18500

Sensex Range This Week: 19800 - 20500 above which it will touch 20800 & Below Tgt 19300; Support at 19800 closing.

Mkt is showing sign of nearing new high soon, but closing above 6300 for two consecutive days will confirm for further move toward 6800-7000. Hot Sector for Today: Bank & Infra.

BTST/ STBT in Last Trade (Cash /Fut.): RELINFRA (Buy– 836; SL- No Sl; Booked Partial At 850 Same Day)

CANBK (Buy– 667; SL- No Sl; Tgt1- 675; Tgt2- 680+)

Hot in Street — Aloktext, Vijayabank, Orbitcorp, Rcom, Ekc, Abgship, Centralbk, Orchidchem etc.

 

SCRIP CODE (CMP)

ENTRY LEVEL

TGT1

TGT2—3

SL

COMMENTS

Hot Today

FORTIS (146.65)

Must Buy At 146—142

150

151.5—153

140

Time to buy at any dip, we see min 5-10% rise.

VOLTAS (218.00)

Must Buy At 218—214

222

224—227

210

Scrip is oversold on chart, expect bounce back.

Derivative- Future (Strategy for today)

UCOBANK (116.90)

Must Buy 116.5--114

120

121.5—123

Bel 112

Max Profits: Unlimited

All mid cap banking stocks are on fireeee.

UCOBK PA 110 (2.40)

Buy when you buy Fut.

Hedging Position

  Max Loss: Rs  4000

ORBITCORP (80.20)

Grab in Bulk 80—78

81.5

82.20—83

Bel 77

Max Profits: Rs. 12000

Good scrip among infra sector, Tgt 85+

…………… (……)

…………………

Hedging Position

 Max Loss: Rs. 2000

Derivative- Option Strategy

RENUKA PE 95 (3.90)

Must Buy At 3.8—3.0

Options Trading strategy with High Risk- High Gain.

Max Profits: Unlimited

Trade & hold for 3-5 days for good gains.

RENUKA CE 105 (2.40)

Sell 2 Lots with PE 95

Max Loss: Rs. 10000

 

Last Trade (31st December 2010) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 116750.00 Approx.

Result (profit/ loss) may vary from person to person, due to one’s trading habit. The price calculated on intra-day/ Positional stocks target achieved.

Monthly trading picks for January 2011.

………… (63.90)

Must Buy At 63—60

68

70—73

Bel 58.5

Highly oversold on charts, we expect bounce.

………….. (97.65)

Must Sell At 98—102

90

87—82

05

All sugar stk can show free fall soon watch out.

………… (146.65)

Grab Bulk At 145—140

160

165—170

137

Something big cooking 4 +ve news this month.

…………… (343.00)

Buy At 342—335

365

375—385+

330

All oil stks will be on bulls run this whole year

Disclaimer – India Stock {A unit of India Business Network (IBN) Services, New Delhi} has taken due care and caution in compilation of data for its members. Information has been obtained by the company from sources which it considers reliable. We might not hold any positions in above stocks in Cash/ Derivatives. However, India Stock does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. India Stock especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letter or website. You are responsible for your own investment decisions. India Stock will not be responsible for any errors or omissions in articles or postings, for hyperlinks embedded in messages, or for any results obtained from the use of such information. India Stock will not be liable for any loss or damage caused by a reader's reliance on information obtained in our area, or in a hyperlinked area. By: India Stock (A Unit of IBN Services, New Delhi). Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899

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