Weekly News Letter- Dated 31st May - 4th June 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 31st May – 4th 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: 5066.55 (122.60) Resis – 5250, 5400, 5450, 5530, 5600 Supports – 4900, 4820, 4700, 4600, 4500
SENSEX: Weekly Close: 16863.06 (393.51) 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 can show a pullback toward 5150-5200 levels but fear grips the street for further free fall in June. One should avoid long until we close above 5400. Hot sector for the Week: Sugars.
LAST WEEK PROFITS: HINDALCO 1.5%; EDUCOMP 18%; BAJAJAHIND-Fut. Rs. 9262.5; ABAN-Fut. Rs. 8000; SUZLON-(Opt) Rs. 9000
TRADER’S PICK THIS WEEK: Suzlon, Unitech, Educomp, Bajajhind, Mcleodrussel, Bharti, Orchidchem, Denabank etc.
| Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| HINDALCO (150.70) | Must Buy At 150-145 | 157 | 160—164 | 142 | Highly oversold on charts, buy in small qty. | |
| EDUCOMP (482.35) | Buy C/Fut. At 480-470 | 497 | 505—515 | Bel 463 | Keep an eye this week, expected good upside. | |
| .Derivative- Future (Strategy for the week) | ||||||
| BAJAJHIND (108.55) | Must Buy At 108-104 | 113 | 116—120 | Bel 100 | Max Profits: Unlimited | All sugar stocks have turned sweet. |
| BAJAJHINDPA100(2.9) | Buy when you buy Fut | Hedging Position | Max Loss: Rs. 5000 | |||
| ABAN (718.00) | Grab At 715—700 | 750 | 760—775 | Bel 690 | Max Profits: Unlimited | We see a good bounce in the stock. |
| ABAN PA 700 (34.00) | Buy when you buy Fut | Hedging Positions | Max Loss: Rs. 4000 | |||
| Derivative- Option | ||||||
| Must Buy At 4—3 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Good trading pick in option category. | |||
| SUZLON PA 60 (2.95) | Buy 1 Lot with CA 60 | Max Loss: Rs. 6000 | ||||
Weekly News Letter (Dated 31st May – 4th June 2010) Performance Report: Approx Profit / Loss: Rs. 70450.50
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| HINDALCO | Must Buy At 145 | 148.50 | 3.5 | 3518 | Profit Rs. 12313.00 |
| EDUCOMP | Buy C/Fut. At 480 | 565 | 85 | 375 | Profit Rs. 31875.00(Super Call) |
| BAJAJHIND (Fut./Opt) | Must Buy 106 / 2.50 | 113 / 2.0 | 7 - 0.50 = 6.50 | 1425 | Profit Rs. 9262.50 |
| ABAN (Fut./Opt) | Grab At 700 / 35.0 | 710 / 45.0 | 10.0 + 10.0 = 20.00 | 400 | Profit Rs. 8000.00 |
| SUZLON (Opt Strategy) | Buy At 2.00 / 3.50 | 1.50 / 7.0 | - 0.50 + 3.50 = 3.00 | 3000 | Profit Rs. 9000.00 |
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, June 04, 2010
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