Saturday, March 08, 2008

Weekly News Letter-Dated 3rd March- 7th March 2008. Join us now.Visit: http://stock.ibnservice.com/

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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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