Weekly News Letter- Dated 25th - 28th May 2010---Gain from us. Visit: http://www.ibnservices.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 25th – 28th 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: 4943.95 (……) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500
SENSEX: Weekly Close: 16469.55 (…..) Resis – 17500, 18100, 18300, 18500 Supports – 16550, 16300, 16000, 15700
Sensex Range This Week: 16300 - 17500 above which it will touch 18000 & Below Tgt 15700; Resis at 18000 closing.
We have been warning for bear phase till June & asked to avoid long positions. Nifty can find support around 4750-4700 but still more downside seen. Hot sector for the Week: R-Group.
LAST WEEK PROFITS: AXISBK 3%; RENUKA 7%; INFOSYS-Fut. Rs. 17000; JSWSTL-Fut. Rs. 20188; NIFTY-(Opt) Rs. 3250.0
TRADER’S PICK THIS WEEK: Sell everything on rise for free fall in coming days.
| Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| AXIS BANK (1196.15) | Must Sell 1200-1220 | 1160 | 1145-1130 | 1235 | The stock can show free fall this week to 1100 | |
| RENUKA (55.95) | Buy C/Fut. At 55-53.5 | 58.5 | 60—62 | Bel 52 | All sugar stocks are highly oversold on charts. | |
| .Derivative- Future (Strategy for the week) | ||||||
| INFOSYS (2572.00) | Must Sell 2575—2650 | 2460 | 2420-2390 | Abv 2700 | Max Profits: Unlimited | The stock can show fall toward 2500. |
| INFOSYS CA 2600 (11) | Buy when you sell Fut | Hedging Position | Max Loss: Rs. 10000 | |||
| JSW STEEL (1041.50) | Sell At 1045—1060 | 1010 | 995—980 | Abv 1075 | Max Profits: Unlimited | Stock can fall toward 1000 mark. |
| JSW CA 1100 (6.00) | Sell when you sell Fut. | Hedging Positions | Max Loss: Rs. 6000 | |||
| Derivative- Option | ||||||
| Must Buy At 44—35 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade in bulk & hold till expiry. | |||
| NIFTY CE 5000 (16.95) | Buy 1Lot with PE4900 | Max Loss: Rs. 1000 | ||||
Weekly News Letter (Dated 25th – 28th May 2010) Performance Report: Approx Profit / Loss: Rs. 73688.00
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| AXIS BANK | Must Sell At 1185 | 1150 | 35 | 450 | Profit Rs. 15750.00 |
| RENUKA | Buy C/Fut. At 54.50 | 58 | 3.50 | 5000 | Profit Rs. 17500.00(Super Call) |
| INFOSYS (Fut./Opt) | Must Sell 2555 / 2.0 | 2500 / 32.0 | 55 + 30.0 = 85.00 | 200 | Profit Rs. 17000.00(Super Call) |
| JSWSTEEL (Fut./Opt) | Sell-Buy 1035 / 5.0 | 990 / 1.0 | 45.0 + 4.0 = 49.00 | 412 | Profit Rs. 20188.0 (Super Call) |
| NIFTY (Opt Strategy) | Buy At 55.0 / 2.0 | 120.0 / 2.0 | 65.0 + 0.0 = 65.00 | 50 | Profit Rs. 3250.00 |
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
posted by NSE_BSE at Friday, May 28, 2010
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