Daily News Letter Dated 16th March 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 16^th March 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: 5449.65 (81.85) Resis – 5620, 5700, 5800, 5930, 6000 Supports – 5400, 5300, 5200, 5050, 4800

SENSEX: Last Close: 18167.64 (271.84) Resis – 18800, 19100, 19500, 20000 Supports – 18000, 17650, 17300, 17000

Sensex Range This Week: 17500 - 18800 above which it will touch 19300 & Below Tgt 17000; Resis at 18500 closing..

Mkt can show +ve to flat opening & further rise toward 5500 can be seen. As we have written every rise will be selling opportunity for short term downtrend. Hot Sectors Today: Oil-Gas.

BTST/ STBT in Last Trade (Cash /Fut.): RENUKA (Buy – 70.50; SL- 69.50; Tgt Later)

Hot in Street — Chennpetro, Mrf, Concor, Apollotyre, Centralbk, Prajind, Reliance, Siemens, Bhusanstl etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
DLF (221.10)	Must Buy At 221—216	226	228.5—231	212	Stock can show good bounce if the market holds
BAJAJ-AUTO (1363.2)	Sell At 1365—1390	1340	1327-1315	1405	Chart shows weakness today & in coming days.
Derivative- Future (Strategy for today)
RELMEDIA (147.50)	Must Buy At 147—144	150	151.5—153	Bel 140	Max Profits: Unlimited	Adag group stocks are showing strength
RELMED CE 160 (5.20)	Sell when you buy Fut.	Hedging Position			Max Loss: Rs  5000
CHENNPETRO (202.5)	Buy At 202—198	206	208—210	Bel 195	Max Profits: Unlimited	Good scrip for intra day traders, keep SL
…………. (………..)	………………….	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
ABAN PE 600 (26.00)	Must Buy At 25—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3-5 trading session 4 gain.
ABAN CE 640 (7.70)	Sell 2 Lots with PE 600				Max Loss: Rs. 5000

 

Last Trade (15^th March 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 100150.00 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 March 2011.
BANKNIFTY (10457.0)	Must Buy At 10450-10200	10800	11000-300	Bel 9900	Booked partial profit around 11000 revise SL.
AUROPHARMA(170.00)	Grab At 170—164	179	184—189	Bel 160	Booked  full profits around 197 levels.
ABAN (547.60)	Buy At 545—525	600	620—650+	Bel 510	Booked 75% around 625 level & enjoy profit
ASHOK LEY (46.70)	Buy At 46.50—45	51	53—55+	Bel 43	Booked partial profit around 54 revise SL.

 

Weekly Performance Report (7^th Feb – 11^th Mar) http://nse-bse.blogspot.com/2011/03/weekly-performance-report-including-all_11.html

Monthly Performance Equity Calls (Feb): http://nse-bse.blogspot.com/2011/02/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (Feb): http://nse-bse.blogspot.com/2011/02/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Feb) http://nse-bse.blogspot.com/2011/02/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