Weekly News Letter—Dated 2nd July –7th July 2007........ Given to paid members last week
Weekly News Letter—Dated 2nd July –7th July 2007
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Advice: Book profits in weekly at gain of 4-10% in stock (Cash/Fut.) & don’t take risk with your money.
NIFTY: Weekly Close: 4318.30 (66.25) Resis – 4330, 4360, 4400 Supports – 4275, 4200, 4110, 4065, 4040, 4000
SENSEX: Weekly Close: 14650.51 (183.51) Resis –14700, 14800, 14900, 15000 Supports – 14500, 14250, 13950, 13750
Nifty showing strength with volatility so stay cautious in your trades. Banking, Telecom & Infra stocks are good in this week. Nifty chances of showing 4400 mark which is major hurdle.
Sensex Range for This Week 14100-15000 above which it will touch 15000 Bel Tgt 13150; Support at 13750 closing.
TRADER’S PICK THIS WEEK: IDBI (C/F), IFCI (C/F), IVRCL (C/F), BHARAT FORGE (C/F), RCOM (C/F), HLL (C/F) etc.
LAST WEEK PROFITS: SBI 3%; GTL 6%; TATA STEEL-Fut. Rs 22275, IDBI Fut. Rs 14400, SRF (Opt) Rs 4500.
IPO DIARY: BEML (App. Date: 27 June-03 July), (Price Band: 1020-1090) Our View: Subscribe.
HDIL (App. Date: 28 June-03 July), (Price Band: 430-500) Our View: Subscribe.
Hot Today | ||||||
SBI (1525.30) | Grab At 1500-1510 | 1550 | 1560 | Bel 1478 | All banking stocks will show momentum. | |
GTL (224) | Buy C/F At 220-224 | 232 | 235 | 216 | Telecom stock can perform, Idea too looks good | |
Derivative- Future (Strategy for today) | ||||||
TATA STEEL (598.60) | Buy At 590-597 | 618 | 623 | 582 | Max Profits: Unlimited Max Loss: Rs. 4000 | Good positions seen in the stock |
TATASTL PA 600 (19) | Buy At 15-18 | Hedging Positions | ||||
IDBI (119.15) | Grab At 116-118 | 124 | 127 | Bel 114.5 8 | Max Profits: 20000+ Max Loss: Rs. 6000 | Positive news expected this wk. |
IDBI PA 120 (6.20) | Sell At CMP or 6.5-7 | 4-3 | ||||
Derivative- Option | ||||||
SRF CA 180 (5.95) | Buy At 5-6 | 8 | 9.5+ | 3.5 | Must buy n hold for this week for quick gains. | |
Investment Pick | ||||||
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Weekly News Letter (Dated 2nd July– 7th July 2007) Performance Report: Approx Profit: Rs. 76175.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
SBI | Buy At 1525 | 1575 | 50 | 250 | Profit Rs. 12500 |
GTL | Buy At 220 | 235 | 15 | 1500 | Profit Rs. 22500 |
TATA STEEL (Fut.) | Buy At 590 | 623 | 33 | 675 | Profit Rs. 22275 |
IDBI (Fut.) | Buy At 118 | 124 | 6 | 2400 | Profit Rs. 14400 |
SRF (Options) | Buy At 5 | 8 | 3 | 1500 | Profit Rs. 4500 |
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