Weekly News Letter- Dated 17th - 21st August 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 17th – 21st August 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: 15411.63 (251.39) Resis – 16000, 16500, 16800, 17000 Supports – 15000, 14750, 14500, 14000
NIFTY: Weekly Close: 4580.05 (98.65) Resis – 4730, 4850, 4930, 5000, 5100 Supports – 4450, 4375, 4300, 4150, 4000
Sensex Range This Week: 14700 - 16000 above which it will touch 16500 & Below Tgt 14000; Support at 15000 closing.
We are expecting bulls to give up & bears will have upper hand. Now is the time to sell on rise with Nifty SL 4750 on closing basis for two consecutive days. Hot sector for Today: Oil & Gas.
LAST WEEK PROFITS: HINDALCO – 9%; BHUSAN – 9%; IFCI - Fut. Rs. 18124; PETRONET - Fut. Rs. 0; RENUKA - (Opt) Rs. 2500
TRADER’S PICK THIS WEEK: MRPL, ESSAROIL, BHARTIARTL, AMBUJACEM, IDFC, IDBI, RCOM, RPL, ADLABS, Sell- Sugar etc
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| HINDALCO (108.20) | Must Sell Fut. 108-110 | 104 | 102—100 | Abv 113 | Just sell in bulk 4 Tgt 100 & bel in 7-10 days. | |
| BHUSAN STL (932.45) | Buy C/Fut. At 930-910 | 965 | 980—995 | Bel 895 | Low risk & high gain, Breakout seen on chart | |
| .Derivative- Future (Strategy for the week) | ||||||
| IFCI (53.05) | Must Buy At 53—51 | 55 | 56—57+ | Bel 48.5 | Max Profits: Unlimited | Go long with hedge for stock Tgt 57-60. |
| IFCI PA 50 (1.65) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 10000 | |||
| PETRONET (72.00) | Grab At 72—70 | 75 | 76.5—78+ | Bel 68.5 | Max Profits: Unlimited | Good strategy with hedge 4 good gains. |
| PETRONET PA70 (1.8) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 4400 | |||
| Derivative- Option | ||||||
| Must Buy At 4—2.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Sugar stocks can show profit booking | |||
| RENUKA CA 190 (4.05) | Sell 2Lots with PA 170 | Max Loss: Unlimited | ||||
Weekly News Letter (Dated 17th – 21st August 2009) Performance Report: Approx Profit / Loss: Rs. 89786.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| HINDALCO | Must Sell At 109 | 100 | 9 | 3518 | Profit Rs. 31662.00 |
| BHUSAN STL | Buy At 910 | 995 | 85 | 500 | Profit Rs. 42500.00 |
| IFCI (Fut./Opt) | Buy 50 / 1.20 | 52.5 / 1 | 2.50 - 0.20 = 2.30 | 7880 | Profit Rs. 18124.00 |
| PETRONET (Fut./Opt) | Buy At 70 / 0 | 70 / 0 | 0 | 4400 | Profit Rs. 0.00 |
| RENUKA (Opt Strategy) | Buy /Buy – 2.50 / 0 | 1.50 / 0 | -1.0 | 2500 | Loss Rs. 2500.00 |
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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/ Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899909899 OR 9968443444 Subscription: Click Here..
posted by NSE_BSE at Friday, August 21, 2009
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