Weekly News Letter Dated 29th November--3rd December 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 29^th Nov – 3^rd December 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: 5751.95 (138.35) Resis – 5850, 6000, 6120, 6200, 6350 Supports – 5700, 5550, 5400, 5300, 5200

SENSEX: Weekly Close: 19136.61 (448.83) Resis – 19500, 20000, 20400, 20700 Supports – 19000, 18500, 18000, 17650

Sensex Range This Week: 18500 - 20000 above which it will touch 20500 & Below Tgt 18000; Support at 18500 closing.

Nifty has support at 5700 & Resis at 5850 for next move. We expect a bounce after dip & again bears will be aggressive seller around 5900-6000. Hot sector for this Week: Bank & FMCG.

 

LAST WEEK PROFITS: IFCI- 9%; APOLLOTYRE- 13%; ITC-Fut. Rs. 16000.0; RENUKA-Fut. Rs. 38000.0; MRPL-(Opt) Rs. 10000.0

 

READER’S PICKS THIS WEEK: IDBI, IRBINFRA, DABUR, BAJAJHIND, HEXAWARE, SAIL, YESBANK, APOLLOTYRE etc.

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1		TGT 2	SL	COMMENTS
Hot - Cash/ Future Stocks for This Week
IFCI (56.60)	Must Buy At 55—53	59	60—61		52	Stock can be bought at dips for quick bounce.
APOLLOTYRE (63.35)	Buy At 63—61	65	66—67++		60	Highly oversold on charts, we expect a bounce
Derivative- Future (Strategy for the week)
ITC (167.90)	Must Buy At 167—163	175	177—180		Bel 160	Max Profits: Rs. 24000	Very good scrip for weekly traders.
ITC PA 160 (2.30)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 6000
RENUKA (76.00)	Buy At 75.5—73	78.5	80—82		Bel 70	Max Profits: Rs. 14000	Sugar stocks can show up side soon.
RENUKA CA 90 (2.05)	Sell 2 lot with buy Fut.	Hedging Positions				Max Loss: Rs. 6000
Derivative- Option
MRPL CA 70 (3.50)	Must Buy At 3.50—2.5	Options Trading strategy with Low Risk & High Gain this wk				Max Profits: Unlimited	Trade & hold for 5-7 days 4 good gains.
MRPL CA 80 (0.90)	Sell 2 Lots with CA 70					Max Loss: Rs. 10000

 

Weekly News Letter (Dated 29^th Nov-3^rd Dec 2010) Performance Report: Approx Profit / Loss: Rs. 136000.00

SCRIPT	REC PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IFCI	Must Buy At 55	65	10	4000	Profit Rs. 40000.00(Super Call)
APOLLO TYRE	Buy C/Fut. At 63	71	8	4000	Profit Rs. 32000.00(Super Call)
ITC (Fut./Opt)	Must Buy 167 / 1.50	173 / 3.5	6 + 2 = 8	2000	Profit Rs. 16000.00
RENUKA (Fut./Opt)	Buy At 74 / 4.50	93 / 4.50	19	2000	Profit Rs. 38000.0 (Super Call)
MRPL (Option Strategy)	Buy 3.5 / 1.0	6.0 / 1.00	2.5 + (0*2) = 2.5	4000	Profit Rs. 10000.00

 

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