Daily News Letter Dated 6th June 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 6th June 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: 5516.75 (33.60) Resis – 5600, 5700, 5800, 5900, 5950 Supports – 5340, 5300, 5200, 5050, 5000
SENSEX: Last Close: 18376.48 (117.70) Resis – 18700, 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.
Market is moving in tight range of 5600-5400 any breakout above of below levels for two consecutive days will give clear trend, volatility will be seen. Hot Sector for Today: Textile.
BTST/ STBT in Last Trade (Cash /Fut.): TATASTEEL (Buy – 573; SL- NO SL; Tgt Later)
Hot in Street — Rcom, Suntv, Relmedia, Mrpl, Relcapital, Max, Indisindbk, Rpower, Lt, Bomdyeing etc.
| SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | |
| Hot Today | ||||||
| CENTURYTEX (323.6) | Must Buy At 323—316 | 329 | 332—335 | 313 | All textile stocks are looking extremely hot. | |
| EXIDE IND (128.45) | Buy C/Fut. At 128-125 | 131 | 132.5-135+ | 122 | Keep an eye for day trading, Expected upside. | |
| Derivative- Future (Strategy for today) | ||||||
| AXISBANK (1236.20) | Must Sell At 1240-1265 | 1215 | 1200-1190 | Abv 1280 | Max Profits: Unlimited | Profit booking can be seen from rise. |
| AXISBK CE 1300 (12.4) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 3750 | |||
| BPCL (626.00) | Sell At 626—638 | 614 | 608—602 | Abv 645 | Max Profits: Unlimited | Selling pressure will be seen in Oil & Gas. |
| BPCL CE 640 (11.35) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 4000 | |||
| Derivative- Option Strategy | ||||||
| Must Buy At 27—21 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Good option strategy for 5-7 days for gains. | |||
| TATMOT PE 950(9.75) | Sell 2Lots with CE1050 | Max Loss: Rs. 2500 | ||||
Last Trade (3rd June 2011) Performance in OLC/ Nifty & BTST Calls: Total Profit/Loss: Rs 28450.00 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 June 2011. | |||||
| ……………… (84.30) | Must Buy At 84—81 | 92 | 95—98++ | Bel 78 | Highly oversold on charts, buy in truck load. |
| ……………….(61.95) | Buy At 61.50—59 | 68 | 70—72+ | Bel 57 | Sugar stocks are sweeter in coming days, T-75. |
| ………………. (277.85) | Buy At 275—268 | 300 | 310—320+ | Bel 260 | Keep an eye & buy at dips for good gain soon. |
| ………………… (48.30) | Must Buy At 48—46 | 52.5 | 55—57+ | Bel 44.5 | Rdx stock for short term traders, just buy now |
Weekly Performance Report (30th May– 3rd Jun) http://nse-bse.blogspot.com/2011/05/weekly-performance-report-including-all_27.html
Monthly Performance Equity Calls (May): http://nse-bse.blogspot.com/2011/05/monthly-performance-report-including.html
Monthly Performance All Nifty Calls (May): http://nse-bse.blogspot.com/2011/05/monthly-performance-report-nifty.html
Monthly Performance Commodity Calls (May) http://nse-bse.blogspot.com/2011/05/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
posted by NSE_BSE at Monday, June 06, 2011
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