Weekly News Letter- Dated 29th June - 3rd July 2009---Gain from us...... Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 29th June – 3rd July 2009
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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: 14764.64 (242.75) Resis – 15000, 15300, 15650, 16000 Supports – 14250, 14000, 13400, 13000
NIFTY: Weekly Close: 4375.50 (101.45) Resis – 4420, 4500, 4600, 4750, 4850 Supports – 4220, 4175, 4110, 4000, 3850
Mainly the budget will show stock specific movement. Nifty can inch toward 4500-4600, which was indicated to buy at dips last week, keep strict SL 4200 on closing. Hot Sector this Week: Fertilizer.
Sensex Range for This Week: 15300 - 14000 above which it will touch 16000 & Below Tgt 13500; Supp at 14000 closing.
LAST WEEK PROFITS: TATASTL – 14%; HDIL – 7.5%; STER - Fut. Rs.21900; CHAMBAL - Fut. Rs.27600; ESSAROIL - (Opt) Rs.14543.60
TRADER’S PICK THIS WEEK: STER, TATACOM, TATAMOT, BEML, IDFC, RCOM, RPOWER, TATASTL, GNFC, VIJAYABNK, HDIL etc.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
TATA STEEL (388.55) | Grab C/F At 385—378 | 400 | 407—415+ | 370 | Hope of bounce back expected, Trade with SL | |
HDIL (251.55) | Buy C/Fut. At 250-240 | 260 | 264—270+ | 235 | Upside breakout on chart seen 4 Tgt 275-290. | |
.Derivative- Future (Strategy for the week) | ||||||
STER (615.30) | Must Buy 612—600 | 640 | 649—660 | 587 | Max Profits: Rs. 22000 | The stock will rise toward 650 nonstop |
STER PA 560 (27.0) | Sell When u Buy Fut. | Hedging Positions | Max Loss: Rs. 6000 | |||
CHAMBLFERT (65.50) | Buy At 65.5—63.5 | 68 | 69—70+ | 62 | Max Profits: Unlimited | +ve news will flow for fertilizer stocks. |
CHAMBL CA 75 (2.95) | Sell When u Buy Fut. | Hedging Positions | Max Loss: Rs. 7000 | |||
Derivative- Option | ||||||
Buy Bulk At 11--8 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | One can trade for 1 week for good gain. | |||
ESSAROILCA200(4.60) | Sell 2 lots with CA 170 | Max Loss: Rs. 7000 |
Weekly News Letter (Dated 29th June – 3rd July 2009) Performance Report: Approx Profit / Loss: Rs. 120769.60
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
TATA STEEL | Grab At 385 | 440 | 55 | 764 | Profit Rs. 42020.00 |
HDIL | Buy At 253 | 272 | 19 | 774 | Profit Rs. 14706.00 |
STER (Fut./Opt) | Must/ Sell 600/ 25 | 640 / 15 | 40 + 10 = 50 | 438 | Profit Rs. 21900.00 |
CHAMBAL (Fut./Opt) | Buy At 65 / 3.80 | 72 / 2.80 | 7 + 1.0 = 8.0 | 3450 | Profit Rs. 27600.00 |
ESSAROIL (Opt Strategy) | Buy/Sell- 6.5 / 5.50 | 10 / 2.10 | 3.5+(3.4*2) = 12.9 | 1412 | Profit Rs. 14543.60 |
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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://www.ibnservice. com/ Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899909899 OR 9968443444 Subscription: Click Here..
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