Weekly News Letter- Dated 8th - 12th December 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 8th – 12th 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: 8965.20 (127.52) Resis – 9500, 10000, 10400, 10750 Supports – 8800, 8450, 8100, 7700, 7400
NIFTY: Weekly Close: 2714.40 (40.70) Resis – 2910, 3020, 3100, 3200, 3350 Supports – 2620, 2500, 2400, 2250, 2150
Nifty may show further recovery in 1-2 days but opportunity to sell at rise with SL 3200. Mkt is show panic selling at every rise so be cautious. Hot Sector for this week: Banking & Infra.
Sensex Range for This Week: 7400 - 9700 above which it will touch 10300 Below Tgt 7000; Resis at 9300 closing.
LAST WEEK PROFITS: PTC - 6%; IFCI - 15%; Kotak Bank - Fut. Rs. 7425.0; RCOM -Fut. Rs. 24150.0; Nifty (Opt) Rs. 3000.0
TRADER’S PICK THIS WEEK: REC LTD, ICICI BANK, TATA COMM, IDBI, DLF, JPASSOC, TATA STEEL, HINDALCO, CHAMBAL etc.
IPO DIARY: ………….….. (App. Date: ……….………..), (Offer Price: …………….…) Our View: ……………………
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
PTC (63.80) | Must Buy At 62-63.5 | 66 | 67-68 | 60 | The stock will rise non-stop to 70-75 levels now. | |
IFCI (17.60) | Buy C/Fut. At 17--17.5 | 19 | 19.5-20 | 16 | Just buy n see a fireworks in the stock to 22++. | |
.Derivative- Future (Strategy for the week) | ||||||
KOTAKBANK (353.60) | Must Buy At 345-353 | 380 | 384-390 | 335 | Max Profits: Unlimited | Stock is over sold expect recovery. |
………………… (……) | Sell When u Buy Fut. | Hedging Positions | Max Loss: Rs. 2750 | |||
RCOM (197.30) | Buy At 190-195 | 212 | 217-224 | Bel 180 | Max Profits: Rs. 10000+ | Any time up move toward 250 levels. |
RCOM PA 180 (8.0) | Sell When u Buy Fut. | Hedging Positions | Max Loss: Rs. 2000 | |||
Derivative- Option | ||||||
NIFTY CE 2800 (99.7) | Must buy at 70-100 | Options Trading strategy with View of Pullback this week | Max Profits: Rs. 10000+ | Nifty can rise up to 2950-3000 levels. | ||
NIFTY CE 3100 (23.60) | Sell 2lots with CE2800 | Max Loss: Rs. 3000 |
Weekly News Letter (Dated 8th December 2008 – 12th December 2008) Performance Report: Approx Profit / Loss: Rs. 48900.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
PTC | Buy At 64 | 68 | 4 | 2350 | Profit Rs. 9400.00 |
IFCI | Buy At 17.5 | 20 | 2.5 | 1970 | Profit Rs. 4925.00 |
KOTAKBNK (Fut./OPT) | Buy At 353 | 380 | 27 | 275 | Profit Rs. 7425.00 |
RCOM (Fut./Opt) | Buy At 190 / 10 | 250 / 1 | 60 + 9 = 69 | 350 | Profit Rs. 24150.00 |
NIFTY (Option Strategy) | Buy-Sell 100 / 25 | 190 / 40 | 90 – (15*2) = 60 | 50 | Profit Rs. 3000.00 |
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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
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