Daily News Letter Dated 24th 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 24^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: 5480.25 (66.40) Resis – 5555, 5620, 5700, 5800, 5930 Supports –5300, 5200, 5050, 4800, 4650

SENSEX: Last Close: 18206.16 (217.86) 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.

Nifty will face hurdle at 5520 today above which 5555 will be another hurdle closing basis. Short term upside toward 5600-5650 can be seen but risky. Hot Sectors for Today: Infra.

BTST/ STBT in Last Trade (Cash /Fut.): IDBI (Buy – 135.30; SL- 132.50; Tgt Later)

Hot in Street — Dchl, Tatacomm, Hindoilexpo, Bgrenergy, Mll, Ibreal, Pantaloonr, Seasagoa, hexaware etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CIPLA (304.15)	Must Buy 304—298	310	313—316+	295	All pharma stock are showing strength, Tgt 320
BHARTI (330.40)	Buy At 330—324	336	339—342+	320	News based buying can be seen, trade with Mkt.
Derivative- Future (Strategy for today)
IDFC (149.35)	Must Buy At 149—145	152	153.5—155	Bel 142	Max Profits: Unlimited	Keep an eye on all 3 Bhai for gain today.
IDFC PE 150 (3.20)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs  6000
HDIL (158.20)	Buy At 158—155	161	162.5—164	Bel 152	Max Profits: Unlimited	All Infra stocks are oversold on charts.
HDIL PE 150 (1.30)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
ABAN CE 580 (10.75)	Must Buy At 10.0—6.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3-5 trading session 4 gain.
ABAN PE 560 (8.00)	Buy 1 Lot with CE 580				Max Loss: Rs. 2000

 

Last Trade (23^rd March 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 25050.00 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

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