Weekly News Letter- Dated 22nd - 26th December 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 22nd – 26th December 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: 10099.91 (409.84) Resis – 10300, 10650, 11100, 11400 Supports – 9400, 9000, 8800, 8450, 8100
NIFTY: Weekly Close: 3077.50 (156.15) Resis – 3110, 3200, 3350, 3430, 3500 Supports – 2910, 2800, 2620, 2500, 2400
Mkt will remain highly volatile and expected profit booking this week. Nifty has resistance at 3240 & support at 2910 for clear trend for this week. Hot Sector for this week: Infrastructure & Auto.
Sensex Range for This Week: 9300 - 10500 above which it will touch 11300 Below Tgt 8500; Resis at 10300 closing.
LAST WEEK PROFITS: Voltas - 0%; Hindalco - 3%; NIFTY - Fut. Rs. 15250; EDUCOMP -Fut. Rs. 30000; RIL (Opt) Rs. 1800.0
TRADER’S PICK THIS WEEK: JPASSOC, BILT, TITAN, NEYVELI, ASHOKLEY, ICICIBNK, HINDALCO, BALRAMPUR, AMTEK AUTO etc.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| VOLTAS (58.65) | Must Buy At 54—57 | 60 | 62—64 | 51 | Stock is hot in the street, but trade with caution | |
| HINDALCO (54.05) | Buy C/Fut. At 51—53 | 57 | 58.5-60 | 49.5 | Accumulation seen in the stock at every dip. | |
| .Derivative- Future (Strategy for the week) | ||||||
| NIFTY (3082.40) | Must Sell At3100-3200 | 2950 | 2880-20 | 3275 | Max Profits: Unlimited | Profit booking expected from high. |
| NIFTY CA 3200 (118.7) | Buy Jan when Sell Fut | Hedging Positions | Max Loss: Rs. 3000 | |||
| EDUCOMP (2704.40) | Sell At 2740—2850 | 2600 | 2500-10 | Abv 3000 | Max Profits: Unlimited | Overbought on chart, Sell on every rise. |
| ………… (……………) | ………………... | Hedging Positions | Max Loss: Rs. 10000 | |||
| Derivative- Option | ||||||
| IDBI CA-Jan 75 (2.00) | Must buy at 1.5—2 | Options Trading strategy with View of Pullback this week | Max Profits: Rs. 5000+ | Something cooking in the stocks, watchout. | ||
| IDBI CA-Dec 75 (0.80) | Sell 2lots with CA-Jan | Max Loss: Rs. 1000 | ||||
Weekly News Letter (Dated 22nd – 26th December 2008) Performance Report: Approx Profit / Loss: Rs. 44411.50
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| VOLTAS | Buy At 54 | 54 | 0 | 900 | Profit Rs. 0.00 |
| HINDALCO | Buy At 51 | 49.5 | -1.50 | 1759 | Loss Rs. 2638.50 |
| NIFTY (Fut./OPT) | Buy At 3100 / 120 | 2880 / 35 | 220 + 85 = 305 | 50 | Profit Rs. 15250.00 |
| EDUCOMP (Fut./Opt) | Sell At 2800 | 2400 | 400 | 75 | Profit Rs. 30000.00 |
| IDBI (Option Strategy) | Buy-Sell 2 / 0.80 | 2/ 0.5 | 0 + (0.75*2) = 1.5 | 1200 | Profit Rs. 1800.00 |
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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, December 26, 2008
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