Weekly News Letter- Dated 5th - 9th July 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 5th – 9th 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: 5237.10 (29.60) Resis – 5400, 5500, 5550, 5600, 5700 Supports – 5050, 4900, 4820, 4700, 4600
SENSEX: Weekly Close: 17460.95 (113.58) Resis – 18000, 18300, 18500, 18850 Supports – 17000, 16550, 16300, 16000
Sensex Range This Week: 16800 - 18000 above which it will touch 18300 & Below Tgt 16500; Resis at 18000 closing.
Mkt is unable to hold at higher levels & falls with –ve news. We are still bearish & will remain until close above 5400 for 2 consecutive days, Sell on every rise. Hot sector 4 the Week: Sugar.
LAST WEEK PROFITS: TATACHEM- 2.5%; IDBI- 7%; TRIVENI-Fut. Rs. 12000.0; TATASTL-Fut. Rs. 12500.0; SUZLON-(Opt) Rs. 6400.0
TRADER’S PICK THIS WEEK: FORTIS, BAJAHIND, APOLLOTYR, UNITECH, TATACHEM, ESSAROIL, ORCHIDCHE etc.
| Scripts (CMP) | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| TATA CHEM (322.30) | Must Buy At 320-310 | 335 | 342—349 | 305 | All fertilizer stock are hot in the street this wk | |
| IDBI (119.50) | Buy C/Fut. At 119-115 | 124 | 127—130 | Bel 113 | Keep an eye, ready to explode toward 130-135 | |
| .Derivative- Future (Strategy for the week) | ||||||
| TRIVENI (104.30) | Must Buy 103.5--101 | 107 | 109—112 | Bel 99 | Max Profits: Unlimited | Sugar stocks are oversold, keep SL. |
| ………….. (…….) | ………………. | Hedging Position | Max Loss: Rs. 4000 | |||
| TATASTEEL (468.50) | Buy At 463—450 | 482 | 490—498 | Bel 440 | Max Profits: Unlimited | Very good strategy to trade this week. |
| TATASTL PA460 (15.2) | Buy when you buy Fut. | Hedging Positions | Max Loss: Rs. 5000 | |||
| Derivative- Option | ||||||
| Must Buy At 1.8—1.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade in bulk for 1-2 weeks for gains. | |||
| SUZLON PA 55 (1.00) | Sell 2 lot with CA 60 | Max Loss: Rs. 6000 | ||||
Weekly News Letter (Dated 5th – 9th July 2010) Performance Report: Approx Profit / Loss: Rs. 54900.00
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| TATA CHEMICAL | Must Buy At 321 | 329 | 8 | 1000 | Profit Rs. 8000.00 |
| IDBI | Buy C/Fut. At 116 | 125 | 8 | 2000 | Profit Rs. 16000.00(Super Call) |
| TRIVENI (Fut./Opt) | Must Buy At 102 | 108 | 6 | 2000 | Profit Rs. 12000.00 |
| TATASTEEL (Fut./Opt) | Buy At 463 / 11 | 490 / 9 | 27 – 2 = 25 | 500 | Profit Rs. 12500.00 |
| SUZLON (Opt Strategy) | Buy At 1.6 / 1.20 | 2.0 / 0.60 | 0.40 + (0.60*2) = 1.60 | 4000 | Profit Rs. 6400.00 |
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, July 09, 2010
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