India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 20th – 24th October 2008
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Advice: Book profits in weekly at gain of 3-10% in stock (Cash/Fut.) & don’t take risk with your money.
SENSEX: Weekly Close: 9975.35 (552.50) Resis – 10600, 11000, 11500, 12000 Supports – 9700, 9400, 9000, 8800
NIFTY: Weekly Close: 3074.35 (205.60) Resis – 3200, 3350, 3500, 3620 Supports – 3000, 2910, 2800, 2700, 2550
Sensex can find good support at 8800 closing basis else another bottom is at 6500. This week can have weak opening but sharp recovery will be seen to 11000+. Hot Sectors for the week: Infra.
Sensex Range for This Week: 8800 -11300 above which it will touch 12000 Below Tgt 8200; Resis at 10600 closing.
LAST WEEK PROFITS: BPCL -3%; GTL LTD 0%; NTPC -Fut. Rs. 51187.50; BANK NIFTY -Fut. Rs. 11250.00; NIFTY (Opt) Rs. -2200.00
TRADER’S PICK THIS WEEK: DCB, HPCL, BATA, HOTEL LEELA, PNB, RPL, MRPL, JPHYDRO, CHENNAI PET, APTECH, LICHOUS etc.
Result This Week: IDEA, STRTECH, CAN BNK, PETRONET, JET AIR, TITAN, BRIGADE, CHENNAI PET, ASHLEY, CROMPTON, BONGREF, HERO HONDA, LIC HOUS, POLARIS, JPASSOC, RNRL, RPL, 3I INFOTECH, IDFC, EDUCOMP, MCDOWELL, WIPRO, CENTURY, CIPLA, REL INFRA, BOI, RPOWER, GNFC, HOTEL LEELA, SESA GOA, NEYVELI, APTECH, VOLTAS, RIL, STER, PATNI, GDL, JP HYDRO, PRAJ, PUNJJ, VIJ BANK, LANCO, SRF, RAJESH EXPO, DENA BANK, BAJAJ AUTO.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Cash/ Future Stocks for This Week | ||||||
| BPCL (353.50) | Must Buy At Dips | 364 | 368-374 | Bel 340 | Oil Mktg stocks can show recovery with Mkt. | |
| GTL LTD. (179.65) | Buy C/F At 175—179 | 187 | 190-193 | 170 | Risky trader can trade with SL for sudden rise. | |
| .Derivative- Future (Strategy for the week) | ||||||
| NTPC (150.25) | Must Sell At 151-155 | 145 | 142-140 | Abv 157 | Max Profits: Rs. 15000++ | Stock can fall to 140-125 levels. |
| NTPC CA 160 (4.15) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3000 | |||
| BANKNIFTY (5185.10) | Buy At 5150--5050 | 5400 | 5500++ | Bel 4900 | Max Profits: Unlimited | Hope for recovery lies with banking. |
| BNKNIFT PE5000(85.0) | Buy With Future. | Hedging Positions | Max Loss: Rs. 1500 | |||
| Derivative- Option | ||||||
| NIFTY CE 3200 (97.90) | Must Buy At 70—90 | Options Trading strategy with Expected pull back in the Mkt | Max Profits: Rs. 10000+++ | Rollover & short covering expected | ||
| NIFTY CE 3600 (16.45) | Sell 2lots with CE3200 | Max Loss: Rs. 2000 | ||||
Weekly News Letter (Dated 20th October 2008 – 24th October 2008) Performance Report: Approx Profit / Loss: Rs. 54737.50
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| BPCL | Buy At 350 | 340 | -10 | 550 | Loss Rs. 5500.00 |
| GTL LTD. | Buy At 175 | 175 | 0 | 750 | Profit Rs. 00.00 |
| NTPC (Fut./ OPT) | Sell At 155 / 5 | 128 / 0.5 | 27+4.5 = 31.5 | 1625 | Profit Rs. 51187.50 |
| BANK NIFTY (Fut./Opt) | Buy At 5050/ 0 | 5500 / 0 | 450 + 00 = 450 | 25 | Profit Rs. 11250.00 |
| NIFTY (Option Strategy) | Buy-Sell 90/ 20 | 10 / 2 | -80 + (18*2) = -44 | 50 | Loss Rs. 2200.00 |
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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://stock.ibnservice. com/ Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899-90-9899; 9968-443-444
posted by NSE_BSE at Saturday, October 25, 2008
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