Weekly News Letter- Dated 6th - 10th 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 6th – 10th July 2009
Visit: http://www.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: 14913.05 (148.41) Resis – 15000, 15300, 15600, 16000 Supports – 14250, 14000, 13400, 13000
NIFTY: Weekly Close: 4424.25 (48.75) Resis – 4440, 4520, 4600, 4750, 4850 Supports – 4220, 4175, 4110, 4000, 3850
Budget expectations are high so we advise to trade with hedging positions, although we are bullish for Tgt 4700+ this week but be cautious with your trades. Hot Sector this Week: Finance & Steel.
Sensex Range for This Week: 16000 - 14000 above which it will touch 16500 & Below Tgt 13500; Supp at 14000 closing.
LAST WEEK PROFITS: SAIL – -3%; ORCHIDCHEM – -3.2%; IDBI - Fut. Rs. 4800; NIFTY - Fut. Rs. 3250; ITC - (Opt) Rs. 1125.0
TRADER’S PICK THIS WEEK: IDBI, IDFC, IFCI, SAIL, JSWSTEEL, SESAGOA, SUZLON, WELGUJ, BHARATFORGE, DISHTV, JPHYDRO etc.
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| SAIL (161.65) | Grab C/F At 161—156 | 169 | 173—177+ | 150 | Steel stocks can show further gain this week. | |
| ORCHID CHEM(96.05) | Buy C/Fut. At 96—93 | 102 | 105—108+ | 90 | +ve news can show quick bounce up to 120+. | |
| .Derivative- Future (Strategy for the week) | ||||||
| IDBI (110.40) | Must Buy 110—106 | 115 | 117—120+ | 103 | Max Profits: Rs. 25000 | Budget can give a good upside in this. |
| IDBI PA 100 (4.20) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 6000 | |||
| NIFTY (4424.65) | Buy At 4420—4300 | 4600 | 4670-4750 | 4200 | Max Profits: Unlimited | Budget can give a thumb up to Mkt. |
| NIFTY PE4200 (124.35) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 5000 | |||
| Derivative- Option | ||||||
| Sell 1Lot at 9—11 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Stock will remain in range for 1 week. | |||
| ITC PA 190 (9.30) | Sell 1 lot with CA 190 | Max Loss: Unlimited | ||||
Weekly News Letter (Dated 6th – 10th July 2009) Performance Report: Approx Profit / Loss: Rs. -3795.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| SAIL | Grab At 156 | 150 | -5 | 1350 | Loss Rs. 6750.00 |
| ORCHID CHEM | Buy At 93 | 90 | -3 | 2100 | Loss Rs. 6300.00 |
| IDBI (Fut./Opt) | Buy/ Buy- 106 / 6.50 | 103 / 11.50 | -3 + 5 = 2.0 | 2400 | Profit Rs. 4800.00 |
| NIFTY (Fut./Opt) | Buy/ Buy- 4300 / 110 | 4200 / 275 | -100 + 165 = 65 | 50 | Profit Rs. 3250.00 |
| ITC (Opt Strategy) | Sell/Sell - 11 / 11.50 | 20 / 1.50 | -9 + 10 = 1.00 | 1125 | Profit Rs. 1125.00 |
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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://www.ibnservice. com/
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posted by NSE_BSE at Friday, July 10, 2009
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