Weekly News Letter-Dated 31st March- 4th April 2008---Gain from us...... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/
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Weekly News Letter—Dated 31st March
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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: 16371.29 (1376.46) Resis – 16700, 17000, 17500, 18000 Supports – 16000, 15350, 14700, 14500
NIFTY: Weekly Close: 4942.00 (368.05) Resis – 5000, 5100, 5240, 5320, 5400 Supports – 4800, 4640, 4450, 4400, 4240
Mkt can show range bound move in coming days. Nifty good Resis at 5050 & Support at 4800, Pls avoid long positions and trade light. Good delivery based buying seen in selected stocks, but trend not clear. We are nearing the bottom too. Hot Sectors of the week: FMCG, Textile and Steel.
LAST WEEK PROFITS: CIPLA 4.5%; RNRL -2%; NIFTY-Fut. Rs. 9800.00, ITC-Fut. Rs. 16087.50, MRPL (Opt) Rs. 15575.00
TRADER’S PICK THIS WEEK: SUZLON, UNITECH, IDFC, ISPAT, NIFTY (Sell), ADLAB, PUNJ, NTPC, TATA STEEL, BONG REF etc.
IPO DIARY: Kiri Dyes and Chemicals Limited. (App. Date: 25th Mar- 02nd Apr), (Offer Price: 125-150) Our View: Avoid.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Cash/ Future Stocks for This Week | ||||||
CIPLA (217.55) | Buy C/F At 210-214 | 222 | 224-227 | Bel 207 | V. strong stock in all Mkt condition, can do 230 | |
RNRL (105.40) | Must Buy At 100-103 | 109 | 112-115 | 98 | Oversold stock, can show momentum with Mkt | |
Derivative- Future (Strategy for the week) | ||||||
NIFTY FUT (4970.65) | Risky Sell 4970-5050 | 4870 | 4820 | 5100 | Max Profits: Rs. Unlimited | Nifty can slip from 5100 level |
NIFTY CE 5200 (74.90) | Sell 2lots with Future | Hedging Positions | Max Loss: Rs. 5000 | |||
ITC (207.60) | Must Buy At 202-205 | 212 | 214-217 | 1987 | Profits: Rs. 20000+ | The stock can move anytime. |
ITC CA 220 (3.70) | Sell With Future | Hedging Positions | Max Loss: Rs. 4000 | |||
Derivative- Option | ||||||
MRPL CA 75 (6.85) | Buy At 5-6 | Options Trading strategy with Range Bound Trading zone. | Max Profits: 8000+ | Just trade & see the F&O expiry. | ||
MRPL CA 80 (3.80) | Sell With CA 75 | Max Loss: Rs. 3500 |
Weekly News Letter (Dated
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
CIPLA | Buy At 214 | 224 | 10 | 1250 | Profit Rs. 12500.00 |
RNRL | Buy At 100 | 98 | -2 | 1788 | Loss Rs. 3576.00 |
NIFTY (Fut.)/CE 5200 | Sell At 4920/65 | 4820/17 | 100+(48)*2=196 | 50 | Profit Rs. 9800.00 |
ITC Fut./ CA 220 | Buy At 205/4.30 | 217/ 2 | 12+2.3 = 14.3 | 1125 | Profit Rs. 16087.50 |
MRPL (Opt Strategy) | Buy-Sell 7/6 | 13/5 | 6+1= 7 | 2225 | Profit Rs. 15575.00 |
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