Weekly News Letter-Dated 3rd March- 7th March 2008. Join us now.Visit: http://stock.ibnservice.com/
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter—Dated 3rd March– 7th March 2008
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Advice: Book profits in weekly at gain of 4-10% in stock (Cash/Fut.) & don’t take risk with your money.
SENSEX: Weekly Close: 17578.72 (229.65) Resis – 18000, 18350, 18750, 19150 Supports – 17000, 16650, 16100, 15500
NIFTY: Weekly Close: 5223.50 (112.75) Resis – 5300, 5400, 5500, 5600, 5700 Supports – 5000, 4900, 4750, 4610, 4500
Mkt will show nervousness due to weak global cues. We hv seen good delivery based buying in some of the stocks like: M&M, RPL, IDBI etc. Sensex crucial support at 5000 & Resis at 5500 for one side move. Avoid long positions & trade light 4 gains. Hot Sectors of the week: Auto, Bank & Pharma.
Sensex Range for This Week: 15500-18300 above which it will touch 19000 Below Tgt 14000; Resis at 18000+ closing.
LAST WEEK PROFITS: SAIL 10%; EKC 4.7%; HOTELEELA-Fut. Rs. 562.50, IFCI-Fut. Rs. 47250.00, RNRL (Opt) Rs. 2145.00
TRADER’S PICK THIS WEEK: ESSAR OIL, RPL, MARUTI, ASHOK LEY, IDBI, TVS, STERLITE, GITANJALI, BOI, MOSER BAER.
IPO DIARY: ………………… (App. Date: ……….), (Offer Price: ………..) Our View: ………………………...
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Cash/ Future Stocks for This Week | ||||||
M&M (692.80) | Grab C/F At Dips | 712 | 719-727 | 760 | V. good delivery based buying seen in the stock. | |
ESSAR OIL (258.30) | Buy C/F At Dips | 265 | 268-270 | 240 | Best stock among oil sector, Buy C/F with SL. | |
Derivative- Future (Strategy for the week) | ||||||
CHAMBLFERT (58.25) | Must Sell At 58-60 | 55 | 54-53 | 62 | Max Profits: Unlimited | Free fall expected to 50. |
CHAMBAL CA60 (5.05) | Buy with Future | Hedging Positions | Max Loss: 6000 | |||
EDELWEISS (845.75) | Must Sell At 835-850 | 800 | 792-785 | 865 | Profits: Unlimited | All broking house stock will fall. |
………….. (……..) | …………… | Hedging Positions | Max Loss: Rs. 3250 | |||
Derivative- Option | ||||||
CAIRN CA 230 (7.90) | Must Buy Bulk At 5-7 | Options Trading strategy with Range bound movements. | Max Profits: 10000+ | Good for this wk, trade with hedge. | ||
CAIRN CA 250 (3.20) | Sell 2lots with CA 230 | Max Loss: Rs. Nil |
Weekly News Letter (Dated 3rd March 2008 – 7th March 2008) Performance Report: Approx Profit: Rs. 64843.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
M&M | Buy At 675 | 719 | 44 | 312 | Profit Rs. 13728.00 |
ESSAROIL | Buy At 245 | 240 | -5 | 1412 | Loss Rs. 7060.00 |
CHAMBAL(Fut.)/CA60 | Sell At 58/ 4.00 | 50/0.5 | 8+3.5=11.5 | 3450 | Profit Rs. 39675.00 |
EDELWEISS | Sell At 820 | 750 | 70 | 250 | Profit Rs. 17500.00 |
CAIRN (Opt Strategy) | Buy-Sell At 6/3.3 | 4/0.5 | -2.0+2.8=0.8 | 1250 | Profit Rs. 1000.00 |
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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://nse-bse.blogspot.com/ OR http://ibnservices.googlepages.com/ Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899-90-9899; 9968-443-444
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