Daily News Letter Dated 23rd 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 23^rd 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: 5413.85 (49.10) Resis – 5555, 5620, 5700, 5800, 5930 Supports –5300, 5200, 5050, 4800, 4650

SENSEX: Last Close: 17988.30 (149.25) Resis – 18500, 18800, 19100, 19500 Supports – 17650, 17300, 17000, 16500

Sensex Range This Week: 17500 - 18500 above which it will touch 19000 & Below Tgt 17000; Resis at 18500 closing.

A good bounce was seen in last trading session but Nifty will face hurdle at 5450 for rise toward 5555. One should trade with trend this week. Hot Sectors for Today: Banking.

BTST/ STBT in Last Trade (Cash /Fut.): GMRINFRA (Buy – 37.20; SL- 35.90; Tgt Later)

DENABANK (Buy – 97.15; SL- 95.50; Tgt Later)

Hot in Street — Litl, Ksoils, Pateleng, Neyveli, Tatacomm, Srtransfin, Oil, Mphasis, Apollotyre, Maruti etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
MPHASIS (392.00)	Must Buy Opening Bell	399	403—407+	385	One should boldly go long for Tgt 450-470 soon.
RUCHI SOYA (99.00)	Buy Bulk At 99—97	101	102—103+	95	Ready for big blast toward 110—114 levels soon
Derivative- Future (Strategy for today)
PUNJLLOYD (61.45)	Must Buy At 61.4—60	62.60	63.30—64+	Bel 59	Max Profits: Unlimited	Scrip is oversold a bounce expected.
PUNJ PE 60 (0.95)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  2000
UCOBANK (102.55)	Buy At 102.5—100	105	106—107+	Bel 98	Max Profits: Unlimited	All Mid-cap banking stock are hot today.
UCOBK PE 100 (0.80)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
UNITECH CE37.5 (0.9)	Must Buy At 0.90—0.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 2-4 trading session 4 gain.
UNITECH PE32.5(0.35)	Sell 2 Lots with CE37.5				Max Loss: Rs. 2000

 

Last Trade (22^nd March 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 72600.00 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--205 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 (14^th – 18^th Mar) http://nse-bse.blogspot.com/2011/03/weekly-performance-report-including-all_18.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

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