Weekly News Letter- Dated 19th - 23rd April 2010---Gain from us. Visit: http://www.ibnservices.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/
~~OM~~
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 19th – 23rd April 2010
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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: 5262.60 (99.15) Resis – 5400, 5450, 5530, 5600, 5750 Supports – 5200, 5050, 4900, 4820, 4700
SENSEX: Weekly Close: 17591.18 (341.96) Resis – 18100, 18300, 18500, 18750 Supports – 17400, 16800, 16550, 16300
Sensex Range This Week: 17000 - 18000 above which it will touch 18300 & Below Tgt 16500; Resis at 18000 closing.
Finally our views were proven right & Mkt could not sustain the barrier & now free fall seen. Major news on 20th which will give further direction to the Mkt. Hot sector for Week: Tele.
LAST WEEK PROFITS: BHARTI 4%; ORCHID 6%; ICICIBNK-Fut. Rs. 350.00; PUNJ-Fut. Rs. 3600; UNITECH-(Opt) Rs. 19800
TRADER’S PICK THIS WEEK: IDBI, BAJAJHIND, DLF, ABAN, NEYVELI, KFA, IVRCL, ROLTA, JPASSOCIATE, EKC, IFCI etc.
Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
BHARTIARTL (304.35) | Must Buy At 302-295 | 315 | 319—324 | Bel 290 | Stock can perform better in coming weeks. | |
ORCHIDCHEM (153.5) | Grab C/Fut. 151—147 | 158 | 162—165 | Bel 145 | One can go long with strict sl on closing basis. | |
.Derivative- Future (Strategy for the week) | ||||||
ICICIBANK (922.25) | Must Sell At 925-950 | 890 | 875—860 | Abv 962 | Max Profits: Unlimited | All banking stocks will show free fall. |
ICICI CA 960 (8.15) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 4200 | |||
PUNJLLOYD (169.0) | Sell At 170—174 | 162 | 159—156 | Abv 177 | Max Profits: Unlimited | We can see a target of 150 and below. |
PUNJ CA 180 (1.60) | Buy when you sell Fut. | Hedging Positions | Max Loss: Rs. 4500 | |||
Derivative- Option | ||||||
Must Buy At 2.2—1.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade & Hold for 2 weeks 4 good gains. | |||
UNITECH PA 80 (1.55) | Buy 1 Lot with CA 80 | Max Loss: Rs. 6750 |
Weekly News Letter (Dated 19th – 23rd Apr 2010) Performance Report: Approx Profit / Loss: Rs. 48150.00
SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
BHARTI AIRTEL | Must Buy At 298 | 309 | 11 | 500 | Profit Rs. 5500.00 |
ORCHID CHEM | Grab C/Fut. At 151 | 160 | 9 | 2100 | Profit Rs. 18900.0 (Super Call) |
ICICIBANK (Fut./Opt) | Must Sell 950 / 5.0 | 962 / 18.0 | -12 + 13.0 = 1.00 | 350 | Profit Rs. 350.00 |
PUNJLLOYD (Fut./Opt) | Sell At 169 / 0.70 | 166.5 / 0.80 | 2.5 - 0.10 = 2.40 | 1500 | Profit Rs. 3600.00 |
UNITECH (Opt Strategy) | Buy At 2.0 / 1.00 | 7.0 / 0.40 | 5.0 - 0.60 = 4.40 | 4500 | Profit Rs. 19800.0 (Super Call) |
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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