Daily News Letter Dated 24th May 2011---Gain from us. Visit: http://ibnservices.blogspot.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 May 2011

Phone: (91) 9899909899; 9968443444; 9311353399

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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: 5386.55 (99.80) Resis – 5600, 5730, 5800, 5900, 5950 Supports – 5350, 5300, 5200, 5050, 5000

SENSEX: Last Close: 17993.33 (332.76) Resis – 18500, 19000, 19300, 19550 Supports – 17800, 17600, 17300, 17000

Sensex Range This Week: 18000 - 19000 above which it will touch 19500 & Below Tgt 17300; Support at 18000 closing.

Nifty has broken down crucial support of 5400 but 5350 will act as big hurdle for bears to have further panic toward 5200, we expect at bounce soon. Hot Sector for Today: Oil & Gas.

BTST/ STBT in Last Trade (Cash /Fut.): TATASTEEL (Buy– 558; SL- 550; Tgt Later)

Hot in Street — Srtransfin, Titan, Patni, Gail, Divislab, Itc, Dishtv, Skumarsynf, Indiainfo, Voltas etc.

Results Today — Bharatforge, Bomdyeing, Chennpetro, Dlf, Indhotel, Praj, Powergrid, Rec, Tataglobal etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
GAIL (433.65)	Must Buy At 433—425	440	444—449+	420	Stock has moved up with good vol. in last trade.
SKUMAR SYNF (59.5)	Buy C/Fut. At 59.5—58	61	62—63+	57	Short covering can be seen, trade with hedging.
Derivative- Future (Strategy for today)
PATNI (329.00)	Go Long At 328—322	334	337—340+	Bel 318	Max Profits: Rs. 13000+	Highly oversold on charts, Go long now.
………….. (…………)	………………..	Hedging Position			Max Loss: Rs. 2000
HINDUNILVR (304.55)	Sell At Opening Bell	398	395—391	Abv 310	Max Profits: Unlimited	Profit booking can be seen, Tgt 390-380
………… (………)	………………	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
RENUKA CE 60 (0.35)	Must Buy At 0.30—0.2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2-3 days for good gains.
RENUKA PE 55 (0.15)	Sell 2 Lots with CE 60				Max Loss: Rs. 3000

 

Last Trade (23^rd May 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 9500.00 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 May 2011.
PATELENG-Fut. (162.3)	Must Sell At 163—168	150	145—140	Abv 172	Book full around 132-130 & enjoy huge profits
TRIVENI-Fut. (104.20)	Sell At 104.50—108	97	93—90	Abv 110	Book full around 37 (74) & enjoy huge profits.
INDIACEM-Fut. (99.90)	Must Buy At 99.5—96	107	110—114	Bel 93	SL hit in the scrip, Pls exit.
ULTRACEM-Fut. (1024)	Buy Bulk At 1020—1000	1100	1140-1180	Bel 970	Book /Exit around 1055-1060 & enjoy profits.

 

Weekly Performance Report (16^th – 20^th May) http://nse-bse.blogspot.com/2011/05/weekly-performance-report-including-all_21.html

Monthly Performance Equity Calls (Apr): http://nse-bse.blogspot.com/2011/04/monthly-performance-report-including.html

Monthly Performance All Nifty Calls (Apr): http://nse-bse.blogspot.com/2011/04/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (Apr) http://nse-bse.blogspot.com/2011/04/monthly-performance-report-commodity.html

Disclaimer – India Stock {A unit of 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