Weekly News Letter- Dated 24th - 28th November 2008.. Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 24th – 28th November 2008
Visit: http://stock.ibnservice.com/ or http://ibnservices.blogspot.com/
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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: 8915.21 (470.21) Resis – 9500, 10000, 10400, 10750 Supports – 8800, 8450, 8100, 7700, 7400
NIFTY: Weekly Close: 2693.45 (116.90) Resis – 2910, 3020, 3100, 3200, 3350 Supports – 2620, 2500, 2400, 2250, 2150
Highest volatility will be seen this week due to huge rollover & FnO expiry. Nifty can show 2850-3050 level & Support lies at 2500-2440 on closing bases. Hot Sector for this week: Bank & Infra.
Sensex Range for This Week: 8500 -10300 above which it will touch 10750 Below Tgt 8000; Resis at 9300 closing.
LAST WEEK PROFITS: Kotak Bank- 12%; Ambuja Cem - 4%; Srf - Fut. Rs. 4500.00; Ibrealest -Fut. Rs. -2600; Ntpc (Opt) Rs. 23725.00
TRADER’S PICK THIS WEEK: ROLTA, RCOM, TTML, HPCL, NAGFERT, RPOWER, IDFC, IND CEMENT, IVRCL, PFC, ICICI BANK etc.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
KOTAK BANK (309.35) | Must Buy At 295-307 | 323 | 334-342 | 285 | Huge rollover & short covering can show 350+ | |
AMBUJA CEM (58.00) | Buy C/Fut. At 56-57.5 | 61 | 63—65 | 54 | All Cement stocks will be on hot seat this week. | |
.Derivative- Future (Strategy for the week) | ||||||
SRF (69.75) | Must Buy At 70—67 | 73 | 74—75 | 65 | Max Profits: Unlimited | Must buy now for high gain this week. |
………………… (…….) | …………………… | Hedging Positions | Max Loss: Rs. 3000 | |||
IBREALEST (100.25) | Grab At 100-97 | 109 | 113-119 | Bel 93 | Max Profits: Rs. 15000+ | Short covering can be seen up to 120-135 lvl. |
…………… (……..) | …………………… | Hedging Positions | Max Loss: Rs. 2600 | |||
Derivative- Option | ||||||
NTPC CA 150 (5.55) | Must buy at 4—5.5 | Options Trading strategy with Bearish Sentiment in the stock | Max Profits: Rs. 10000+ | Keep SL 140 & trade the strategy f4 this wk | ||
NTPC PA 140 (2.15) | Sell 2lots with CA 150 | Max Loss: Rs. 2000 |
Weekly News Letter (Dated 24th November 2008 – 28th November 2008) Performance Report: Approx Profit / Loss: Rs. 28926.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
KOTAK BANK | Buy At 307 | 334 | 27 | 275 | Profit Rs. 7425.00 |
AMBUJA CEMENT | Buy At 56 | 54 | -2 | 2062 | Loss Rs. 4124.00 |
SRF (Fut./OPT) | Buy At 67 / 0 | 70 / 0 | 0 | 1500 | Profit Rs. 4500.00 |
IBREALEST (Fut./Opt) | Buy At 97 / 0 | 93 / 0 | -4 | 650 | Loss Rs. 2600.00 |
NTPC (Option Strategy) | Buy-Sell 4 / 2 | 15 / 0.20 | 11 +(1.8*2) = 14.6 | 1625 | Profit Rs. 23725.00 |
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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/
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