Weekly News Letter Dated th July 2009---Gain from us...... Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/

~~OM~~

India Stock (A Unit of IBN Services, New Delhi)

Weekly News Letter— Dated 27^th – 31^st 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: 15378.96 (634.04) Resis – 15600, 16000, 16500, 16800 Supports – 14500, 14000, 13150, 13000

NIFTY: Weekly Close: 4568.55 (193.60) Resis – 4600, 4710, 4850, 4930, 5000 Supports – 4350, 4150, 3900, 3850, 3700

The week will be highly volatile with Nifty hurdle around 4650 for further breakout of 4800-4900. We expect profit booking in coming days, so avoid long now. Hot Sector this Week: Metals & IT.

Sensex Range for This Week: 14500 - 16000 above which it will touch 16800 & Below Tgt 13500; Resis at 15600 closing.

LAST WEEK PROFITS: ESSAROIL – 9.5%; RCOM – 5.5%; JINDALSAW - Fut. Rs. 58000; BAJAJHIND - Fut. Rs. 30993; RNRL - (Opt) Rs. 12158.4

TRADER’S PICK THIS WEEK: SAIL, ISPATIND, BAJAJHIND, ESSAROIL, SUZLON, MTNL, GTLINFRA, UNIPHOS, UNITECH etc

 

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Hot - Cash/ Future Stocks for This Week
ESSAR OIL (139.85)	Must Buy At 139-134	145	148—153+	130	Short covering can be seen till F&O expiry.
RCOM (276.25)	Buy C/Fut. At 275-267	285	290—297+	260	Stock is oversold on charts, buy at dips 4 gain.
.Derivative- Future (Strategy for the week)
JINDALSAW (435.60)	Must Buy 435—420	450	457—465+	410	Max Profits: Unlimited	Huge upside can be seen this wk to 500.
…………… (…………..)	………………….	Hedging Positions			Max Loss: Rs. 10000
BAJAJHIND (180.25)	Buy At 180—175	188	193—197+	Bel 170	Max Profits: Unlimited	All sugar stocks will b hot this week.
BAJAJHIN PA170(2.10)	Buy When u Buy Fut.	Hedging Positions			Max Loss: Rs. 7000
Derivative- Option
RNRL CA 80 (3.15)	Must Buy At 3—2.5	Options Trading strategy with Low Risk & High Gain this wk			Max Profits:Unlimited	Low risk- high gain strategy till expiry.
RNRL PA 80 (2.15)	Buy 1 Lot with CA 80				Max Loss: Rs. 10000

 

Weekly News Letter (Dated 27^th – 31^st July 2009) Performance Report: Approx Profit / Loss: Rs. 130708.15

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
ESSAR OIL	Must Buy At 139	152	13	1412	Profit Rs. 18356.00
RCOM	Buy At 277	293	16	700	Profit Rs. 11200.00
JINDALSAW (Fut./Opt)	Buy 437	495	58	1000	Profit Rs. 58000.00
BAJAJHIND (Fut./Opt)	Buy/ Buy – 175 / 2	198 / 0.75	23 - 1.25 = 21.75	1425	Profit Rs. 30993.75
RNRL (Opt Strategy)	Buy /Buy – 2.6 /1.50	7 / 0.50	4.40 - 1.00 = 3.40	3576	Profit Rs. 12158.40

 

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