Weekly News Letter- Dated 17th - 21st January 2011. 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 17th – 21st January 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: 5654.55 (250.05) Resis – 5800, 5950, 6050, 6180, 6250 Supports – 5550, 5400, 5300, 5200, 5050
SENSEX: Weekly Close: 18860.44 (831.37) Resis – 19300, 19800, 20000, 20700 Supports – 18500, 18000, 17650, 17300
Sensex Range This Week: 18000 - 19800 above which it will touch 20200 & Below Tgt 17300; Support at 18500 closing.
The street can see more selling pressure toward 5550-5400 this week but it will be a buying opportunity. We see good reversal & pull back next week. Hot sector for this Week: Oil & Gas.
LAST WEEK PROFITS: IGL – 1.5%; FINANTCH- -1.5%; JINDALSAW- Fut. Rs.4000; ADANIPWR- Fut. Rs. 10000; ONGC- (Opt) Rs. -5750
READER’S PICKS THIS WEEK: BEL, FINANTECH, IGL, MCDOWELL, BATA, SESAGOA, TATAPOWER, HINDZINC etc.
| SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT2-3 | SL | REMARKS | ||
| Hot - Cash/ Future Stocks for This Week | |||||||
| IGL (333.25) | Must Buy At 333—325 | 345 | 351—357 | 320 | Good news in the scrip can be heard this week | ||
| FINANTECH (783.25) | Buy At 780—760 | 815 | 825—840 | 750 | Highly oversold on chart, expect good bounce | ||
| Derivative- Future (Strategy for the week) | |||||||
| JINDALSAW (211.95) | Must Sell At 212—218 | 202 | 198—195 | Abv 222 | Max Profits: Unlimited | Profit booking can be seen, keep hedge | |
| JINDALS CE220 (2.10) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs. 4000 | ||||
| ADANIPOWER (122.9) | Buy At 122—119 | 128 | 131—134 | Bel 117 | Max Profits: Rs. 24000 | We expect the stock to rise sharply soon. | |
| ……………. (…………) | ………………….. | Hedging Positions | Max Loss: Rs. 4000 | ||||
| Derivative- Option | |||||||
| Must Buy At 15—10 | Options Trading strategy with High Risk & High Gain this wk | Max Profits: Unlimited | Keep spot SL 1150 closing & trade. | ||||
| ONGC PE 1150 (14.5) | Sell 2 Lot with CE1200 | Max Loss: Rs. 6000 | |||||
Weekly News Letter (Dated 17th – 21st Jan 2011) Performance Report: Maximum Profit / Loss: Rs. 10750.00
| SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| IGL | Must Sell At 325 | 330 | 5 | 1000 | Profit Rs. 5000.00 |
| FINANTECH | Buy C/Fut. At 760 | 750 | -10 | 250 | Loss Rs. 2500.00 |
| JINDALSAW (Fut./Opt) | Must Sell At 218 / 2.0 | 218 / 6.0 | 0 + 4 = 4 | 1000 | Profit Rs. 4000.00 |
| ADANIPOWR (Fut./Opt) | Buy At 120 | 125 | 5 | 2000 | Profit Rs. 10000.00(Super Call) |
| ONGC (Opt Strategy) | Buy At 10.0 / 17.0 | 3.00 / 25.0 | -7 + (2*-8.0) = -23 | 250 | Loss Rs. 5750.0 |
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, January 21, 2011
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