Weekly News Letter- Dated 19th - 23rd July 2010---Gain from us. Visit: http://www.ibnservices.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/
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India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 19th – 23rd July 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: 5393.90 (48.80) Resis – 5400, 5500, 5550, 5600, 5700 Supports – 5200, 5050, 4900, 4820, 4750
SENSEX: Weekly Close: 17955.82 (122.28) Resis – 18000, 18300, 18500, 18850 Supports – 17500, 17000, 16550, 16300
Sensex Range This Week: 17000 - 18250 above which it will touch 18500 & Below Tgt 16500; Resis at 18000 closing.
Mkt will show weakness in this week & hurdle of 5400 closing basis is intact. We will remain cautious until a min correction of 20-30% is not seen. Hot sector for the Week: IT & Cement.
LAST WEEK PROFITS: HCLTECH- 4.5%; NOIDATOLL- 0%; ABAN-Fut. Rs. 9250.0; INDIACEM-Fut. Rs. 0.00; GVKPIL-(Opt) Rs. 17200.0
TRADER’S PICK THIS WEEK: SCI, INDIACEM, SESAGOA, TULIP, ORCHIDCHEM, ROLTA, YESBANK, BHARTI etc.
SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT 2 | SL | TREND | ||
Hot - Cash/ Future Stocks for This Week | |||||||
HCL TECH (373.20) | Must Buy At 371—365 | 385 | 392—399 | 360 | Good scrip among IT sector, buy for Tgt 390. | ||
NOIDA TOLL (32.35) | Buy C/Fut. At 32—31 | 33.50 | 34.40—35 | Bel 30 | One should keep an eye, sharp move expected | ||
.Derivative- Future (Strategy for the week) | |||||||
ABAN (863.05) | Must Sell At 863—880 | 830 | 815—800 | Abv 900 | Max Profits: Unlimited | Stock can show free fall toward 830-820. | |
ABAN CA 900 (12.55) | Sell when you sell Fut. | Hedging Position | Max Loss: Rs. 5000 | ||||
INDIACEM (106.75) | Buy At 106—104 | 111 | 114—116 | Bel 102 | Max Profits: Rs. 20000 | Worst is over for the cement stocks. | |
INDIACEM PA100 (0.9) | Buy when you buy Fut. | Hedging Positions | Max Loss: Rs. 4000 | ||||
Derivative- Option | |||||||
Must Buy At 1.6—1.2 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade in bulk for 1-2 weeks for gains. | ||||
GVKPIL CA 50 (0.40) | Sell 2 lots with CA 45 | Max Loss: Rs. 5000 | |||||
Weekly News Letter (Dated 19th – 23rd July 2010) Performance Report: Approx Profit / Loss: Rs. 42450.00
SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
HCL TECH | Must Buy At 366 | 382 | 16 | 1000 | Profit Rs. 16000.00(Super Call) |
NOIDA TOLL | Buy C/Fut. At 32 | 32 | 0 | 8000 | Profit Rs. 0.00 |
ABAN (Fut./Opt) | Must Sell At 863 / 13 | 835 / 4 | 28 + 9 = 37 | 250 | Profit Rs. 9250.00 |
INDIACEM (Fut./Opt) | Buy At 106 / 0.00 | 106 / 0.00 | 0 | 2000 | Profit Rs. 0.00 |
GVKPIL (Opt Strategy) | Buy At 1.25 / 0.55 | 2.50 / 0.10 | 1.25 + (0.45*2) = 2.15 | 8000 | Profit Rs. 17200.00(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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