Weekly News Letter- Dated 14th - 18th June 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 14th – 18th June 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: 5113.15 (22.35) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500
SENSEX: Weekly Close: 17064.95 (52.74) 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.
Nifty stuck in a range to confuse all long & short traders, but we are clear with the trend in bearish side. Keep selling on rise with Nifty SL 5400 closing. Hot sector for the Week: Metal.
LAST WEEK PROFITS: ROLTA 3 %; GVKPIL 4.5%; BANKNIFTY - Fut. Rs. 3000; BPCL - Fut. Rs. 20900; HINDALCO - (Opt) Rs. 28144
TRADER’S PICK THIS WEEK: GVKPIL; RANBAXY; IOB; POLARIS; RNRL; MTNL; ABB; ROLTA; Sell- All Oil Stocks etc.
Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
ROLTA (163.50) | Must Buy At 163-158 | 170 | 174—178 | 155 | Mid cap IT stocks can show good rise this wk. | |
GVKPIL (43.05) | Buy C/Fut. At 43—41 | 45 | 46—47 | Bel 40 | Short term traders can buy for 50 with SL 40. | |
.Derivative- Future (Strategy for the week) | ||||||
BANKNIFTY (9390.00) | Must Sell 9450—9600 | 9200 | 9100-9000 | Abv 9800 | Max Profits: Unlimited | Sell only on rise for free fall very soon. |
BANKNIF CA9600 (80) | Sell when you sell Fut. | Hedging Position | Max Loss: Rs. 15000 | |||
BPCL (542.50) | Sell At Rise to 547-560 | 520 | 510—500 | Abv 570 | Max Profits: Unlimited | All Oil stocks have risen without news. |
BPCL CA 560 (12.00) | Buy when you sell Fut. | Hedging Positions | Max Loss: Rs. 5500 | |||
Derivative- Option | ||||||
Must Buy At 4.5—3 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade & hold till F&O expiry 4 gain. | |||
HINDALCO CA150(1.7) | Sell 2 Lot with CA 140 | Max Loss: Rs. 7500 |
Weekly News Letter (Dated 14th – 18th June 2010) Performance Report: Approx Profit / Loss: Rs. 70544.00
SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
ROLTA | Must Buy At 165 | 170 | 5 | 1800 | Profit Rs. 9000.00 |
GVKPIL | Buy C/Fut. At 43 | 45 | 2 | 4750 | Profit Rs. 9500.00 |
BANKNIFTY (Fut./Opt) | Must Sell 9530 / 120 | 9530 / 60 | 0 + 60 = 60 | 50 | Profit Rs. 3000.00 |
BPCL (Fut./Opt) | Sell At 560 / 4 | 520 / 2 | 40 – 2 = 38 | 550 | Profit Rs. 20900.00(Super Call) |
HINDALCO(OptStrategy) | Buy At 5.50 / 3.00 | 9.50 / 1.00 | 4.0 + (2.0*2) = 8.00 | 3518 | Profit Rs. 28144.00(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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