Weekly News Letter- Dated 13th - 17th October 2008---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 13th – 17th 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: 10527.85 (1998.47) Resis – 11300, 11750, 12000, 12300 Supports – 10300, 10000, 9700, 9400
NIFTY: Weekly Close: 3279.95 (538.35) Resis – 3400, 3500, 3620, 3750, 3910 Supports – 3200, 3000, 2910, 2800, 2700
Nifty may find bottom around 2800-3000 levels, but you can start buying in cash segment 4 long run. Mkt may show some relief rally this wk but b cautious. Hot Sectors for the week: Banking.
Sensex Range for This Week: 9000-12000 above which it will touch 12500 Below Tgt 8500; Support at 10000 closing.
LAST WEEK PROFITS: REL INFRA -4%; UNION BK 7%; RANBAXY -Fut. Rs. 800; BHEL -Fut. Rs. 20250; ICICI BK (Opt) Rs. 10500.00
TRADER’S PICK THIS WEEK: RANBAXY, SBI, POWER GRID, SELL INFRA STOCK, ORCHID CHEM, SAIL, ICICI BANK, EDUCOMP etc.
Result This Week: ORBITCORP, AXISBK, EDUCOMP, NDTV, CONCOR, CMC, HCLTECH, LT, KFA, ICSA, PENINLAND, SASKEN, NIITTECH, HDFCBK, INDUZBK, MPHASIS, GTL, INDIAINFO, HDFC.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Cash/ Future Stocks for This Week | ||||||
| REL INFRA (515.30) | Must Sell At 515-530 | 490 | 483-475 | Abv 550 | Stock can further slide below 400 level with mkt | |
| UNION BANK (146.65) | Buy C/F At 140-144 | 152 | 155-158 | 137 | PSU Banking stocks can show some strength. | |
| .Derivative- Future (Strategy for the week) | ||||||
| RANBAXY (294.80) | Must Buy At 280-290 | 305 | 310-315 | Bel 275 | Max Profits: Rs. 20000++ | The stock can touch 320+ now. |
| RANBAXY CA330 (8.5) | Sell When u Buy Fut. | Hedging Positions | Max Loss: Rs. 8000 | |||
| BHEL (1346.45) | Sell At 1345-1380 | 1300 | 1282-70 | Abv 1410 | Max Profits: Unlimited | Further downfall expected to 1200. |
| BHEL CA 1500 (22.35) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 2000 | |||
| Derivative- Option | ||||||
| ICICIBNK CA420(19.7) | Must Buy At 18-23 | Options Trading strategy with Expected pull back in the stock | Max Profits: Rs. 10000+++ | Some bounce expected this wk. | ||
| ICICIBNK CA460 (12) | Sell 2lots with CA 420 | Max Loss: Rs. 3500 | ||||
Weekly News Letter (Dated 13th October 2008 – 17th October 2008) Performance Report: Approx Profit / Loss: Rs. 49790.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| REL INFRA | Sell At 530 | 550 | -20 | 138 | Loss Rs. 2760.00 |
| UNION BANK | Buy At 148 | 158 | 10 | 2100 | Profit Rs. 21000.00 |
| RANBAXY (Fut./ OPT) | Buy At 280/ 8 | 275 / 2 | -5 + 6 = 1 | 800 | Profit Rs. 800.00 |
| BHEL (Fut./Opt) | Sell At 1400/ 90 | 1200 / 20 | 200 + 70 = 270 | 75 | Profit Rs. 20250.00 |
| ICICI BK(OptionStrategy) | Buy-Sell 30/ 30 | 50 / 10 | 20 + (20*2) = 60 | 175 | Profit Rs. 10500.00 |
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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 Sunday, October 19, 2008
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