Weekly News Letter- Dated 16th - 20th August 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 16th – 20th August 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: 5452.10 (12.85) Resis – 5500, 5550, 5600, 5700, 5750 Supports – 5300, 5200, 5050, 4900, 4820
SENSEX: Weekly Close: 18167.03 (23.04) Resis – 18300, 18500, 18850, 19000 Supports – 17800, 17500, 17000, 16550
Sensex Range This Week: 17750 - 18500 above which it will touch 19000 & Below Tgt 17300; Support at 17750 closing.
Mkt is again stuck in a narrow range & all are turning bullish, but we are still sitting mostly in cash as the profit booking will be sudden anytime. Hot sector for the Week: Sugar & Infra.
LAST WEEK PROFITS: RENUKA- 3%; IVRCL- 4.5%; EDUCOMP-Fut. Rs. 17500; MCDOWELL-Fut. Rs. 12500; M&M-(Opt) Rs. -750.0
TRADER’S PICK THIS WEEK: BAJAJHIND, TRIVENI, HOTELEELA, IVRCL, MARUTI, POWERGRID, INDIACEM etc.
SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT 2 | SL | TREND | ||
Hot - Cash/ Future Stocks for This Week | |||||||
RENUKA (68.65) | Must Buy At 68—65 | 73 | 75—78 | 63 | All sugar stocks can rise 10-15% anytime now | ||
IVRCL INFRA (161.70) | Grab C/Fut. 160—155 | 167 | 172—175 | Bel 152 | Scrip is oversold among infra sector, Buy now | ||
.Derivative- Future (Strategy for the week) | |||||||
EDUCOMP (586.50) | Must Buy At 583—570 | 610 | 630—650 | Bel 560 | Max Profits: Unlimited | Result expected to be much better. | |
EDUCOMP PA580 (20) | Buy when you buy Fut. | Hedging Position | Max Loss: ` 5000 | ||||
MCDOWELL (1430.60) | Grab At 1425—1400 | 1480 | 1500-1530 | Bel 1380 | Max Profits: ` 25000 | Watch out the stock this week for rise. | |
………….. (……..) | ……………. | Hedging Positions | Max Loss: ` 5000 | ||||
Derivative- Option | |||||||
Must Buy At 11—8 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Trade & hold for 1-2 week 4 good gain. | ||||
M&M PA 600 (6.0) | Buy 1 lot with CA 640 | Max Loss: ` 1500 | |||||
Weekly News Letter (Dated 16th – 20th August 2010) Performance Report: Approx Profit / Loss: Rs. 42250.00
SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
RENUKA | Must Buy At 68 | 71 | 3 | 2000 | Profit Rs. 6000.00 |
IVRCL INFRA | Buy C/Fut. At 160 | 167 | 7 | 1000 | Profit Rs. 7000.00 |
EDUCOMP (Fut./Opt) | Must Buy 570 / 20 | 590 / 35 | 20 + 15 = 35 | 500 | Profit Rs. 17500.00(Super Call) |
MCDOWELL (Fut./Opt) | Grab At 1400 | 1450 | 50 | 250 | Profit Rs. 12500.00(Super Call) |
M&M (Option Strategy) | Buy At 7.0 / 4.0 | 4.0 / 4.0 | -3.0 + 0 = -3.0 | 250 | Loss Rs. 750.00 |
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
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