Daily News Letter Dated 7th 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 7th January 2011
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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: 6048.25 (31.55) Resist – 6180, 6250, 6350, 6440, 6500 Supports – 5950, 5800, 5700, 5550, 5400
SENSEX: Last Close: 20184.74 (116.36) Resist – 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.
Nifty has good support at 6020 below which 5980 & 5910 can be seen. Mkt has turned bearish & expected to fall toward much lower levels, avoid long. Hot Sector for Today: Bank & Oil.
BTST/ STBT in Last Trade (Cash /Fut.): TECHM (Sell– 733; SL- 740; Tgt Later)
INDIANB (Buy– 234; SL- 232; Tgt1- 239; Tgt2- 242)
Hot in Street — Jisjaleqs, Sunpharma, Ktkbank, Tcs, Indhotel, Jindalsaw, Hindalco, Jetairways, Ispatind etc.
SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
Hot Today | ||||||
EDUCOMP (534.15) | Must Sell At 535—545 | 525 | 520—515 | 550 | We can see free fall toward 500-485 in 1-2 weeks | |
GAIL (525.30) | Must Sell At 525—535 | 515 | 510—505 | 540 | Long unwinding can be seen for next few days. | |
Derivative- Future (Strategy for today) | ||||||
GRASIM (2391.25) | Must Sell 2400--2440 | 2350 | 2325-2300 | Abv 2480 | Max Profits: Unlimited | Stock is overbought on chart, must sell. |
…………… (……..) | ……………………. | Hedging Position | Max Loss: Rs 5000 | |||
TRIVENI (113.5) | Sell At 113.5—116 | 111 | 109.5—108 | Abv 118 | Max Profits: Unlimited | We are bearish in sugar stocks now. |
……….. (………) | ………………. | Hedging Position | Max Loss: Rs. 4000 | |||
Derivative- Option Strategy | ||||||
Must Buy At 1—0.80 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Keep spot SL 30 & trade for 5-7 days. | |||
ALOKTEX CE30 (0.65) | Sell 2 Lots with PE 27.5 | Max Loss: Rs. 10000 |
Last Trade (6th January 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 137025.00 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. | |||||
ASHOK LEY (63.90) | Must Buy At 63—60 | 68 | 70—73 | Bel 58.5 | Booked partial at 68 & add more at dip, Tgt 75 |
RENUKA – Fut. (97.65) | Must Sell At 98—102 | 90 | 87—82 | 05 | Booked partial at 95 & add more on rise. |
FORTIS (146.65) | Grab Bulk At 145—140 | 160 | 165—170 | 137 | Booked partial at 152 & add more at dip. |
IOC (343.00) | Buy At 342—335 | 365 | 375—385+ | 330 | Booked partial at 355 & add more at dip. |
Weekly Performance Report (27th Dec – 31st Dec) http://nse-bse.blogspot.com/2010/12/weekly-performance-report-including-all_31.html
Monthly Performance Equity Calls (Dec): http://nse-bse.blogspot.com/2010/12/monthly-performance-report-including.html
Monthly Performance All Nifty Calls (Dec): http://nse-bse.blogspot.com/2010/12/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (Dec) http://nse-bse.blogspot.com/2010/12/monthly-performance-report-commodity.html
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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