Weekly News Letter- Dated 17th - 21st November 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 17th – 21st November 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: 9385.42 (578.87) Resis – 10000, 10400, 10750, 11300 Supports – 9000, 8800, 8450, 8100, 7700
NIFTY: Weekly Close: 2810.35 (162.65) Resis – 3020, 3100, 3200, 3350, 3430 Supports – 2700, 2620, 2500, 2400, 2250
Nifty is moving in range between 2800-3200, which once broken can show sharp moves either side. Our expectation of Nifty touching 2500-2200 this wk. Hot Sectors for the week: Sell-Infra.
Sensex Range for This Week: 8300 -10300 above which it will touch 10750 Below Tgt 7500; Support at 9000 closing.
LAST WEEK PROFITS: Tata Comm- 12%; Axis Bank 11%; Bank India -Fut. Rs. 9108.0; Lanco -Fut. Rs. -3000.0; Nifty (Opt) Rs. 4334.00
TRADER’S PICK THIS WEEK: Sell:-KOTAK BANK, AXIS BANK, LITL, SAIL, GVKPIL, GAIL; Buy:- TATA TEA, BOI, RCOM, TTML etc.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| TATA COMM (490.35) | Must Sell At 497-505 | 475 | 467-460 | 512 | Keep selling at evry rise 4 Tgt 450-424-410 soon | |
| AXIS BANK (494.85) | Sell C/Fut. At 495-508 | 470 | 463-455 | 520 | Must Sell on every Rise, looking weak on chart. | |
| .Derivative- Future (Strategy for the week) | ||||||
| BANKINDIA (277.30) | Must Buy At 272-277 | 285 | 289-294 | 267 | Max Profits: Unlimited | Any side quick mov expected this week. |
| BANKINDIA CA290(9) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3000 | |||
| LANCO (145.90) | Bulk Sell At 145-150 | 138 | 135-133 | Abv 154 | Max Profits: Unlimited | Another round of panic selling expected. |
| …………… (……..) | …………………… | Hedging Positions | Max Loss: Rs. 1700 | |||
| Derivative- Option | ||||||
| NIFTY CE2900 (112.75) | Must buy at 85—100 | Options Trading strategy with Bearish Sentiment in the stock | Max Profits: Rs. 10000+ | Nifty may bounce to 2950-3000 levels. | ||
| NIFTY CE3100 (46.55) | Sell 2lots with CE2900 | Max Loss: Rs. 3000 | ||||
Weekly News Letter (Dated 17th November 2008 – 21st November 2008) Performance Report: Approx Profit / Loss: Rs. 69025.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| TATA COMM | Sell At 490 | 410 | 80 | 525 | Profit Rs. 42000.00 |
| AXIS BANK | Sell At 495 | 420 | 75 | 225 | Profit Rs. 16875.00 |
| BANKINDIA (Fut./OPT) | Buy At 272 / 0 | 267 / 0 | -5 | 950 | Loss Rs. 4750.00 |
| LANCO (Fut./Opt) | Sell At 145 / 0 | 115/ 0 | 30 | 425 | Profit Rs. 12750.00 |
| NIFTY (Option Strategy) | Buy-Sell 60/ 44 | 25 / 5 | -35 + (39*2) = 43 | 50 | Profit Rs. 2150.00 |
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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 Friday, November 21, 2008
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