Weekly News Letter— Dated 25th – 29th August 2008---Gain from us...... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/
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Weekly News Letter— Dated 25th – 29th August 2008
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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: 14401.49 (322.69) Resis – 15000, 15300, 15800, 16000 Supports – 14150, 14000, 13500, 13200
NIFTY: Weekly Close: 4327.45 (103.25) Resis – 4500, 4575, 4650, 4700, 4800 Supports – 4240, 4200, 4110, 4050, 4000
Good short covering will be seen toward Nifty 4500 levels till F&O expiry this week. Huge volatility also expected due to uncertainties in global markets. Hot Sectors for the week: Banking & Pharma.
LAST WEEK PROFITS: DABUR 4.3 %; AXIS BANK 13 %; RANBAXY -Fut. Rs. 00.00, GTL -Fut. Rs. 10875.00; IDBI (Opt) Rs. 4800.00
TRADER’S PICK THIS WEEK: SAIL, RANBAXY, BOMBAY DYE, RELIANCE, HINDALCO, AXIS BANK, ESCORTS, RNRL, IFCI, GTL etc.
Result Today: HINDUJAVEN, SEJALGLASS, BALLARPUR, PRITHVI, ICSA, TODAYS, GEMINI, CCL, PARAL, NSIL, NIFTYBEES Etc.
IPO DIARY: ……………. (App. Date: ………………….), (Offer Price: …………….) Our View: ………………………………....
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Cash/ Future Stocks for This Week | ||||||
DABUR (89.35) | Must Buy At 87.5-89 | 93 | 94—95 | Bel 85 | Something cooking in the stk, Just trade in C/F | |
AXIS BANK (679.40) | Buy C/F At 666-680 | 705 | 714-720 | 660 | Short covering will be seen, Good for traders. | |
Derivative- Future (Strategy for the week) | ||||||
RANBAXY (521.70) | Grab At 405--400 | 422 | 429-434 | Bel 390 | Max Profits: Rs. 25000+++ | Stock can recover now. |
RANBAXY PA520(7.15) | Buy With Future. | Hedging Positions | Max Loss: Rs. 5000 | |||
GTL (193.25) | Buy At 189-193 | 200 | 203-207 | Bel 185 | Max Profits: Unlimited | Good stock for traders this week. |
……….. (…………..) | …………………. | Hedging Positions | Max Loss: Rs. 3000 | |||
Derivative- Option | ||||||
IDBI CA 80 (1.60) | Must Buy At 1—1.4 | Options Trading strategy with Very High Bullish Sentiment. | Max Profits: Rs. 12000++ | Trade & hold till F&O this week. | ||
IDBI PA 75 (0.45) | Sell 2Lot With CA 80 | Max Loss: Rs. 2000 |
Weekly News Letter (Dated 25th August 2008 – 29th August 2008) Performance Report: Approx Profit: Rs.48075
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
DABUR | Buy At 88 | 93 | 5 | 2700 | Profit Rs. 13500.00 |
AXIS BANK | Buy At 666 | 750 | 84 | 225 | Profit Rs. 18900.00 |
RANBAXY (Fut.) | Buy At 400 | 400 | 00 | 800 | Profit Rs. 00.00 |
GTL (Fut.) | Buy At 191 | 205.5 | 14.5 | 750 | Profit Rs. 10875.00 |
IDBI (Option Strategy) | Buy-Sell 1 / 1 | 3 / 0 | 2+ (1*2) = 2+2=4 | 1200 | Profit Rs. 4800.00 |
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