Weekly News Letter- Dated 18th - 22nd October 2010---Gain from us. Visit: http://www.ibnservice.com/ OR 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 18^th – 22^nd October 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: 6062.65 (40.80) Resis – 6200, 6300, 6400, 6500, 6666 Supports – 5850, 5650, 5500, 5350, 5260

SENSEX: Weekly Close: 20125.05 (125.21) Resis – 20650, 21000, 21400, 21750 Supports – 19300, 18800, 18300, 17800

Sensex Range This Week: 19700 - 21000 above which it will touch 21500 & Below Tgt 19300; Resis at 21000 closing.

Caution is advised this week & one can buy at dips around 6000-5900 levels for good bounce. Long term investors should stay away from the market. Hot sector this Week: IT & Banking.

LAST WEEK PROFITS: SUZLON- 7%; PATNI- 2%; ANDHRABANK-Fut. Rs. 20000; LT-Fut. Rs. 13750; SBIN-(Opt) Rs. 18750

READER’S PICK THIS WEEK: ANDHRABANK, TTML, UNIPHOS, ALBK, POLARIS, PTC, SESAGOA, SUZLON, TULIP etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1		TGT 2	SL	COMMENTS
Hot - Cash/ Future Stocks for This Week
SUZLON (57.50)	Must Buy At 57—55	59.5	61—62+		Bel 54	Highly oversold on chart, anytime big move.
PATNI (463.45)	Grab C/Fut. 460—450	479	485—493		Bel 445	All mid-cap IT stocks can be bought at dips.
Derivative- Future (Strategy for the week)
ANDHRABANK (170.6)	Must Buy At 170—165	179	183—187		Bel 162	Max Profits: Rs. 34000	One must buy for Tgt 190-195+ soon.
ANDHRA PA 170 (3.55)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 6000
LT (1996.00)	Sell At 1998--2030	1930	1905-1880		Above 2070	Max Profits: Rs. 15000	Stock is looking weak on chart 4 fall
LT CA 2000 (45.00)	Buy when you sell Fut.	Hedging Positions				Max Loss: Rs. 5000
Derivative- Option
SBIN PA 3200 (77.90)	Must Buy At 77—60	Options Trading strategy with Low Risk & High Gain this wk				Max Profits: Unlimited	Good strategy to trade this week.
SBIN CA 3250 (54.00)	Sell 2 Lot with PA3200					Max Loss: Rs. 7500

 

Weekly News Letter (Dated 18^th – 22^nd Oct 2010) Performance Report: Approx Profit / Loss: Rs. 76500.00

SCRIPT	REC PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
SUZLON	Must Buy At 57	60.50	3.50	4000	Profit Rs. 14000.00(Super Call)
PATNI	Grab C/Fut. At 450	470	20	500	Profit Rs. 10000.00
ANDHRABK (Fut./Opt)	Must Buy 166 / 3.50	178 / 1.50	12 – 2.00 = 10.0	2000	Profit Rs. 20000.0 (Super Call)
LT (Fut./Opt)	Sell At 2040 / 50	1950 /70	90 + 20 = 110	125	Profit Rs. 13750.00
SBIN (Option Strategy)	Buy/Sell 60.0 / 60.0	130.0 / 20.0	70 + (40*2) = 150	125	Profit Rs. 18750.0 (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.ibnservice.com/ Call: (91) 9899909899