Daily News Letter Dated 23rd August 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 23rd August 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: 4898.80 (53.15) Resis – 5050, 5220, 5400, 5500, 5600 Supports – 4800, 4700, 4600, 4500, 4400

SENSEX: Last Close: 16341.70 (200.03) Resis – 16800, 17300, 18000, 18300 Supports – 15850, 15500, 15150, 14800

Sensex Range This Week: 15500 - 16800 above which it will touch 17300 & Below Tgt 15000; Resis at 17300 closing.

Nifty has good support at 4800-4750 on closing basis; one can buy at dips keep SL for gain in coming days. Traders should hedge their longs with put. Hot sectors for today: IT & Pharma.

BTST/ STBT in Last Trade (Cash /Fut.): DLF (Buy – 182; SL- NO SL; Tgt Later)

Hot in Street — Ksoils, Orchidchem, Renuka, Aban, Dcb, Idfc, Rcom, Sail, Bajajhind, Relinfra, Suzlon etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
CIPLA  (290.05)	Must Buy At 290—285	295	297.5—300		282	Good scrip for intra-day traders, buy at any dip
HCLTECH (387.00)	Must Buy At 387—380	395	398—401		376	All IT stocks are highly oversold on daily chart.
Derivative- Future (Strategy for today)
STER (128.05)	Must Buy At 128—125	130.5	132—133.5		Bel 123	Max Profits: Unlimited	Keep an eye on all metal stocks for rise.
STER  PE 130 (4.00)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 4000
IDBI (108.95)	Buy At 108.50—106.5	110.5	111.5-112.5		Bel 105	Max Profits: Unlimited	Accumulate at any dip for short term.
IDBI PE 110 (3.10)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 3000
Derivative- Option Strategy
DLF CE 190 (2.05)	Must Buy At 2—1.70	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Good option strategy for 3-5 days for gains.
DLF PE 170 (1.10)	Sell 2 Lots with CE 190					Max Loss: Rs. 4000
Investment Pick (Long Term)
3iInfotech (532628)  (32)	Must Buy At 32—30	40		45—50+	One must buy in bulk for very short term gain, Tgt 50+.

 

Last Trade (19^th Aug 2011) Performance in OLC/ Nifty/ Option & BTST Calls: Total Profit/Loss: Rs 125500.0 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 August 2011. (Revised on 7th Aug)
ABAN (440.00)	Must Buy At 440—420	480	490—500	Bel 400	SL Hit Pls Exit.
BHARTIARTL (437.00)	Sell At 440—450	410	400—390	Abv 460	Booked partial 75% at 390 on 18th Aug.
EDUCOMP (301.85)	Buy At 300—290	330	340—350	Bel 280	SL Hit Pls Exit.
ESCORTS (88.05)	Must Buy At 87—83	97	100—104	Bel 80	SL Hit Pls Exit.

 

Weekly Performance Report (16^th – 19^th Aug) http://nse-bse.blogspot.com/2011/08/weekly-performance-report-equity-calls_19.html

Monthly Performance Equity Calls (July): http://nse-bse.blogspot.com/2011/07/monthly-performance-report-all-types-of_30.html

Monthly Performance All Nifty Calls (July): http://nse-bse.blogspot.com/2011/07/monthly-performance-report-nifty_30.html

Monthly Performance Commodity Calls (July) http://nse-bse.blogspot.com/2011/07/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