Weekly News Letter- Dated 4th - 8th October 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 4 – 8 Oct 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: 6143.40 (125.10) Resis – 6200, 6300, 6400, 6500, 6666 Supports – 5850, 5650, 5500, 5350, 5260
SENSEX: Weekly Close: 20445.04 (399.86) Resis – 20650, 21000, 21400, 21750 Supports – 19300, 18800, 18300, 17800
Sensex Range This Week: 20000 - 21000 above which it will touch 21500 & Below Tgt 19500; Resis at 21000 closing.
Nifty is heading toward 6250-6400 this week where another hurdle lies. The market is showing strength with foreign funds but still we see this as trap. Hot sector this Week: Metal & Infra.
LAST WEEK PROFITS: ISPAT- 4%; DENAB- 10%; JPASSOC-Fut. Rs. 26000; SESAGOA-Fut. Rs. 12500; ABAN-(Opt) Rs. 7500
READER’S PICK THIS WEEK: BALRAMCHIN; MTNL; NEYVELI; SCI; BHEL; IDFC; CIPLA; FORTIS; ESSAROIL etc.
| SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT 2 | SL | TREND | ||
| Hot - Cash/ Future Stocks for This Week | |||||||
| ISPAT IND (23.35) | Must Buy At 23.4-22.5 | 25 | 25.5—26 | Bel 22 | One of our best pick for short term traders. | ||
| DENA BANK (109.10) | Grab C/Fut. 109--105 | 114 | 117—120 | Bel 103 | Mid-cap banking stocks can show good gain. | ||
| Derivative- Future (Strategy for the week) | |||||||
| JPASSOCIAT (125.05) | Must Buy At 125—121 | 132 | 135—140 | Bel 118 | Max Profits: Rs. 30000 | Time to go long for quick gain, Tgt 150. | |
| JPASSOC PA120 (3.00) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 6000 | ||||
| SESAGOA (346.25) | Grab At 345—335 | 360 | 368—375 | Bel 330 | Max Profits: Rs. 15000 | Highly oversold on charts, Buy n Hold. | |
| SESAGOA PA340 (12.9) | Buy when you buy Fut. | Hedging Positions | Max Loss: Rs. 2500 | ||||
| Derivative- Option | |||||||
| Must Buy At 34—30 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | One can trade & hold for this week. | ||||
| ABAN PA 820 (18.30) | Sell 2 Lots with CA 860 | Max Loss: Rs. 5000 | |||||
Weekly News Letter (Dated 4th – 8th ct 2010) Performance Report: Approx Profit / Loss: Rs. 103000.00
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| ISPAT IND | Must Buy At 23 | 24 | 1 | 11000 | Profit Rs. 11000.00 |
| DENA BANK | Grab C/Fut. At 108 | 119.5 | 11.50 | 4000 | Profit Rs. 46000.00(Super Call) |
| JPASSOCIAT (Fut./Opt) | Must Buy 126 / 1.50 | 139.50 / 1.0 | 13.50 – 0.50 = 13 | 2000 | Profit Rs. 26000.0 (Super Call) |
| SESAGOA (Fut./Opt) | Buy At 347 / 7.0 | 368 / 11.0 | 21 + 4 = 25 | 500 | Profit Rs. 12500.00 |
| ABAN (Option Strategy) | Buy/Sell At 40 / 0.00 | 70 / 0.00 | 30 | 250 | Profit Rs. 7500.00 |
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.ibnservice.com/ Call: (91) 9899909899
posted by NSE_BSE at Friday, October 08, 2010
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