Weekly News Letter-Dated 22nd October - 26th October 2007---Gain from us... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter—Dated 22nd October – 26th October 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.
SENSEX: Weekly Close: 17559.98 (859.02) Resis – 17850, 18000, 18300, 18800 Supports – 17150, 16800, 16400, 16100
NIFTY: Weekly Close: 5215.30 (212.90) Resis – 5280, 5320, 5400, 5550, 5630 Supports – 5100, 5000, 4875, 4800, 4750
Mkt has very good support at 17100 & Resis at 18000 on closing basis. Keep buying at Dips 4 sudden U-Turn in the Mkt. Telecom, Refinery, Pharma & Infra sectors can show momentum & recovery.
Sensex Range for This Week: 16700-18900 above which it will touch 19300 Bel Tgt 16100; Support at 17150 closing.
LAST WEEK PROFITS: DABUR -2%; M&M -1.5%; KTK BANK Fut. Rs.23750, PUNJ LLYOD -Fut. Rs. 22500, RNRL (Opt.) Rs.42900
TRADER’S PICK THIS WEEK: MTNL (C/F), ICICI BNK (C/F), IDBI (C/F), LIC Hous (C/F), IndiaBulls (C/F), Arvind (C/F) etc.
IPO DIARY: SVPCL EQ Limited (App. Date: 22-26 Oct), (Price Band: 40-45) Our View: Must Subscribe.
Results this week: Rolta, India Cem, Ashok Ley, Satyam, Zee, India bulls, Suzlon, Dabur, Cipla, 3I Infotech, Rel Cap, Century, Bilt, Fed Bank, ABB, Cairn, Bel, Voltas, JSW STL, Bhel, Idea, Bata, ITC, Tata Steel, Nag Fert, Kotak Bank, Jstainless, LT, Corp Bnk, Grasim, J&K Bnk, Arvind, SBI, NTPC, SCI, Jindal Steel etc.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Cash/ Future Stocks for This Week | ||||||
REL (1333.25) | Must Sell 1320-1375 | 1250 | 1220 | Abv 1400 | The stock can show more downside Short Fut. | |
TRIVENI (114.50) | Buy C/F At 107-112 | 118 | 120++ | Bel 102 | The stk is very stable in volatile Mkt, Tgt 120+ | |
Derivative- Future (Strategy for the week) | ||||||
MTNL- Nov (172.90) | Grab Nov At 163-167 | 180 | 183++ | Bel 160 | Max Profits: 30000 Max Loss: Rs. 6500 | Stock can show 185+ this week. |
MTNL Oct-PA 165 (4.1) | Buy with Future | Hedging Positions | ||||
NIFTY-Nov (5173.70) | Grab At 5000-5050 | 5300 | 5350 | Bel 4950 --- | Max Profits: Unlimited Max Loss: Rs. 6000 | We expect Nifty 2 bounce till 5350. |
NIFTY PA 5000 (235.10) | Buy with Future | Hedging Positions | ||||
Derivative- Option | ||||||
NTPC CA 210 (3.95) | Must Buy At 2—2.5 | 6 | 9+ | 0 | Buy & take a risk till 25th Oct 4 sudden gains. | |
Investment Pick | ||||||
VIP Ind (507880) (129.8) | Buy Bulk 110-125 | 200 | 220++ | Bel 100 | Must buy & hold for 1 Yr 2 double your money |
Weekly News Letter (Dated 22nd October – 26th October 2007) Performance Report: Approx Profit: Rs. 111450.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
REL | Sell At 1375 | 1400 | -25 | 550 | Loss Rs. 13750 |
TRIVENI | Buy At 112 | 120 | 8 | 7700 | Profit Rs. 61600 |
MTNL (Fut.) incl. Put | Buy At 163 | 183 | 16 | 1600 | Profit Rs. 25600 |
NIFTY (Fut.) incl. Put | Buy At 5050 | 5700 | 500 | 50 | Profit Rs. 25000 |
NTPC (Call Options) | Buy At 2 | 10 | 8 | 1625 | Profit Rs. 13000 |
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Disclaimer – India Stock {A unit of India Business Network (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.com Visit: http://nse-bse.blogspot.com/ OR http://ibnservices.googlepages.com/ Group: http://finance.groups.yahoo.com/group/ibnservices/ Call: (91) 9899-90-9899; 92-123-76999
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