Weekly News Letter- Dated 21st - 24th December 2009. Join us now.Visit: http://nse-bse.blogspot.com/ or http://www.ibnservice.com/ or http://ibnservices.blogspot.com/
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India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 21st – 24th December 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.
NIFTY: Weekly Close: 4987.70 (129.60) Resis – 5180, 5150, 5230, 5350, 5500 Supports – 4900, 4750, 4550, 4400, 4200
SENSEX: Weekly Close: 16719.83 (399.20) Resis – 17300, 17500, 18000, 18500 Supports – 16500, 16000, 15300, 14750
Sensex Range This Week: 16300 - 17300 above which it will touch 17500 & Below Tgt 16000; Resis at 17300 closing.
Nifty will find support around 4940-4900 & expected good bounce due to short covering & rollover. High volatility can be seen lesser days in F&O exp. Hot sector for the Week: Metals.
LAST WEEK PROFITS: SAIL – 13%; ESSAROIL – 36%; IDFC- Fut. Rs. 20650.0; BAJAJHIND - Fut. Rs. 16387.50; ITC - (Option) Rs. 5625.0
TRADER’S PICK THIS WEEK: ESSAROIL, INDIACEM, RCOM, RNRL, STER, DCHL, UNITECH (Sell); IFCI, ABB, STERLINBIO etc
Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
SAIL (213.10) | Must Buy At 212-208 | 220 | 224—227+ | Bel 205 | Keep an eye on all metal stocks & buy at dip. | |
ESSAROIL (140.45) | Grab C/Fut. 140—136 | 147 | 150—154 | 132 | Our final Tgt is 165—180 very soon, go long. | |
.Derivative- Future (Strategy for the week) | ||||||
IDFC (152.90) | Must Buy At 152--150 | 158 | 161—164+ | Bel 147.5 | Max Profits: Unlimited | Stock will bounce with short covering. |
IDFC PA 150 (2.65) | Buy when you buy fut. | Hedging Position | Max Loss: Rs. 7400 | |||
BAJAJHIND (214.95) | Buy At 214—210 | 222 | 226—230 | Bel 205 | Max Profits: Rs. 22000 | All sugar stocks will be on hot seat. |
BAJAJH PA 200 (2.30) | Sell when you buy fut. | Hedging Positions | Max Loss: Rs. 7600 | |||
Derivative- Option | ||||||
Must Buy At 3.35-2.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Good strategy to go in bulk till expiry. | |||
ITC CA 260 (1.15) | Sell 2 Lot with CA 250 | Max Loss: Rs. 3400 |
Weekly News Letter (Dated 21st - 24th Dec 2009) Performance Report: Approx Profit / Loss: Rs. 91758.50
SCRIPT | REC PRICE | TGT | 3 | UNIT | NET PROFIT/ LOSS (Rs.) |
SAIL | Must Buy At 211 | 239 | 28 | 1350 | Profit Rs. 37800.0 (Super Call) |
ESSAROIL | Buy C/Fut. At 136 | 144 | 8 | 1412 | Profit Rs. 11296.00 |
IDFC (Fut./Opt) | Must Buy 150 / 2.00 | 158 / 1.00 | 8 – 1.0 = 7 | 2950 | Profit Rs. 20650.0 (Super Call) |
BAJAJHIND (Fut./Opt) | Buy At 210 / 2.00 | 220 / 0.50 | 10 + 1.50 = 11.50 | 1425 | Profit Rs. 16387.50 |
ITC (Option Strategy) | Buy – 2.00 / 1.00 | 7.0 / 1.0 | 5.0 + 0.0 = 5.00 | 1125 | Profit Rs. 5625.00 |
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://ibnservices.blogspot.com/ OR http://www.ibnservices.in/ Call: (91) 9899909899
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