Weekly News Letter- Dated 21st - 25th 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 21st – 25th 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: 5262.60 (149.45) Resis – 5330, 5400, 5500, 5550, 5600 Supports – 5050, 4900, 4820, 4700, 4600
SENSEX: Weekly Close: 17570.82 (505.87) Resis – 17800, 18000, 18300, 18500 Supports – 17000, 16550, 16300, 16000
Sensex Range This Week: 17000 - 17900 above which it will touch 18000 & Below Tgt 16500; Resis at 18000 closing.
We can see some profit booking in the Mkt this week. Nifty can fall toward 5100 levels. We advice to sell on rise & the fall can be seen in selected scrip. Hot sector for the Week: Ship.
LAST WEEK PROFITS: ORCHIDCHE- 6%; GTOFFSH- 3%; GESHIP-Fut. Rs. 00; IDBI-Fut. Rs. 00; TATAMOT-(Opt) Rs. 16000
TRADER’S PICK THIS WEEK: TATACOM, MLL, SCI, IDBI, ORCHID, ASHLEY, Sell- BPCL, IOC, TATAMOT, ICICIBK etc.
| Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| ORCHIDCHEM (153.2) | Must Buy At 152-147 | 159 | 163—167 | 144 | The stock is low risk, looking good this week. | |
| GTOFFSHORE (442.55) | Buy C/Fut. At 440-430 | 460 | 468—475 | Bel 420 | High risk traders can trade for Tgt 480-500+. | |
| .Derivative- Future (Strategy for the week) | ||||||
| GESHIP (298.00) | Must Buy At 297-290 | 310 | 325—320 | Bel 285 | Max Profits: Unlimited | All shipping stocks look good this wk. |
| ………….. (………) | ……………... | Hedging Position | Max Loss: Rs. 6000 | |||
| IDBI (116.60) | Buy At 116—113 | 121 | 123—125 | Bel 111 | Max Profits: Unlimited | We can see short covering this wk. |
| …………. (………..) | ………………. | Hedging Positions | Max Loss: Rs. 4800 | |||
| Derivative- Option | ||||||
| Must Buy At 13—10 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade & hold till F&O expiry 4 gain. | |||
| TATAMOT CA820 (6.1) | Sell 2 Lot with PA 800 | Max Loss: Rs. 10000 | ||||
Weekly News Letter (Dated 21st – 25th June 2010) Performance Report: Approx Profit / Loss: Rs. 42500.00
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| ORCHIDCHEM | Must Buy At 155 | 165 | 10 | 2000 | Profit Rs. 20000.0 (Super Call) |
| GTOFFSHORE | Buy C/Fut. At 440 | 453 | 13 | 500 | Profit Rs. 6500.00 |
| GESHIP (Fut./Opt) | Must Buy At 295 | 295 | 0 | 1000 | Profit Rs. 0.00 |
| IDBI (Fut./Opt) | Buy At 115 | 115 | 0 | 2000 | Profit Rs. 0.00 |
| TATAMOT (OptStrategy) | Buy At 6 / 12.00 | 16 / 1.00 | 10.0 + (11.0*2) = 32.0 | 500 | Profit Rs. 16000.00(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
posted by NSE_BSE at Friday, June 25, 2010
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