Daily News Letter Dated 7th 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 7^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: 5538.75 (2.55) Resis – 5620, 5700, 5800, 5930, 6000 Supports – 5400, 5300, 5200, 5050, 4800

SENSEX: Last Close: 18480.15 (9.61) Resis – 18800, 19100, 19500, 20000 Supports – 18000, 17650, 17300, 17000

Sensex Range This Week: 17800 - 18800 above which it will touch 19300 & Below Tgt 17500; Resis at 18500 closing.

We do not see much upside now, Mkt can correct in next 2-3 days after rising, be cautious & sell on rise for good gain in coming days. Nifty has Resis at 5620. Hot Sectors Today: R-Grp.

BTST/ STBT in Last Trade (Cash /Fut.): IOC (Buy – 317.50; SL- NO SL; Tgt Later)

Hot in Street — Rpower, Abb, Ptc, Dchl, Auropharma, Tv-18, Unitech, Ultracemo, Aban, Optocircui etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
REL MEDIA (146.05)	Must Buy At 146—142	149	150.5—152	140	News based upside can be seen, soon tgt 160-165
SESA GOA (275.65)	Buy At 275—270	280	283—286+	267	Stock can show good up move after a dip today.
Derivative- Future (Strategy for today)
HINDUNILVR (285.50)	Must Sell At 287—292	280	277—274	Abv 295	Max Profits: Unlimited	One can sell & hold for Tgt 270-265 soon
HINDUN CE 300 (2.25)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs  3000
IFCI (52.70)	Buy At 52.5—51	53.50	54—55+	Bel 50	Max Profits: Unlimited	Good news flowing in the street, keep sl.
IFCI PE 50 (1.35)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
CAIRN PE 340 (2.4)	Must Buy At 2.4-2.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 5-7 trading session 4 gain.
CAIRN CE 380 (2.4)	Sell 2 Lots with CE 75				Max Loss: Rs. 10000

 

Last Trade (4^th March 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 61950.00 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 partial profit around 184 revise SL.
ABAN (547.60)	Buy At 545—525	600	620—650+	Bel 510	Booked partial profit around 590 & revise SL.
ASHOK LEY (46.70)	Buy At 46.50—45	51	53—55+	Bel 43	Booked partial profit around 54 revise SL.

 

Weekly Performance Report (28^th Feb – 4^th Mar) http://nse-bse.blogspot.com/2011/03/weekly-performance-report-including-all.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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