Weekly News Letter- Dated 20th - 24th September 2010---Gain from us. Visit: http://www.ibnservice.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 20^th – 24^th Sept 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: 5884.95 (250.65) Resis – 5950, 6000, 6100, 6200, 6300 Supports – 5500, 5350, 5260, 5200, 5050

SENSEX: Weekly Close: 19594.75 (795.09) Resis – 19800, 20000, 20350, 20700 Supports – 18800, 18300, 17800, 17500

Sensex Range This Week: 19000 - 20000 above which it will touch 21000 & Below Tgt 18500; Support at 19000 closing.

Nifty is moving toward new high but with caution. The fear remains in the street & trader should remain cautious with long position at higher level. Hot sector for the Week: Pharma.

LAST WEEK PROFITS: CIPLA- 4%; RPOWER- 0.5%; GESHIP-Fut. Rs. 10000; BIOCON-Fut. Rs. 7000; IFCI-(Opt) Rs. 20000

READER’S PICK THIS WEEK: SCI, ORCHID, FORTIS, MARUTI, RNRL, RCOM, SAIL, STER, M&M, EDUCOMP, ITC etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1		TGT 2	SL	TREND
Hot - Cash/ Future Stocks for This Week
CIPLA (309.00)	Must Buy At 309—302	322	327—332		Bel 298	We will see short covering in the this buy now
RPOWER (160.55)	Grab C/Fut. 160—156	163.5	165—167		Bel 154	All R-group scrip will be on super run today.
Derivative- Future (Strategy for the week)
GESHIP (306.70)	Must Buy At 306—300	320	325—330		Bel 296	Max Profits: Rs. 25000	Shipping scrip will show real strength.
…………. (…….)	……………….	Hedging Position				Max Loss: Rs. 4000
BIOCON (356.40)	Buy At 355—348	370	377—385		Bel 342	Max Profits: Rs. 30000	One can keep an eye on this for gain.
……………….. (…..)	……………….	Hedging Positions				Max Loss: Rs. 6000
Derivative- Option
IFCI CA 60 (2.40)	Must Buy At 2.20—1.5	Options Trading strategy with Low Risk & High Gain this wk				Max Profits: Unlimited	One can trade & hold for this week.
IFCI CA 65 (0.65)	Sell 2 Lots with CA 60					Max Loss: Rs. 8000

 

Weekly News Letter (Dated 20^th – 24^th Sept 2010) Performance Report: Approx Profit / Loss: Rs. 52000.00

SCRIPT	REC PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
CIPLA	Must Buy At 309	322	13	1000	Profit Rs. 13000.00
RPOWER	Grab C/Fut. At 160	161	1	2000	Profit Rs. 2000.00
GESHIP (Fut./Opt)	Must Buy 308	318	10	1000	Profit Rs. 10000.00
BIOCON (Fut./Opt)	Buy At 348	355	7	1000	Profit Rs. 7000.00
IFCI (Option Strategy)	Buy/Sell At 2.5 / 1.75	4.50 / 0.25	2.0 + (1.50 * 2) = 5.0	4000	Profit Rs. 20000.0 (Super Call)

 

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