Weekly News Letter (Dated 16th - 20th Feb 2009)---Gain from us...... Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/
~~OM~~
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 16th – 20th February 2009
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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.
SENSEX: Weekly Close: 9634.74 (333.88) Resis – 9700, 10000, 10300, 10650 Supports – 9000, 8800, 8450, 8100, 7400
NIFTY: Weekly Close: 2948.35 (105.25) Resis – 2950, 3000, 3130, 3200, 3350 Supports – 2700, 2620, 2500, 2430, 2200
All eyes will be on the budget, which can be best tailored for common man & keeping in mind of winning forthcoming election, high volatility will b seen, avoid long. Hot Sector this week: Cement.
Sensex Range for This Week: 8300 - 10000 above which it will touch 10300 & Below Tgt 7500; Support at 8800 closing.
LAST WEEK PROFITS: CAIRN – -1.5%; PFC – -1.5%; TATASTL - Fut. Rs. 9932; NIFTY -Fut. Rs. 9600; RPOWER (Opt) Rs. 750
TRADER’S PICK THIS WEEK: CAIRN, ABAN, JINDAL STEEL, IDFC, INDIA CEMENT, RCOM, RPOWER, ORACLE FIN, BALAJI TELE etc.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
CAIRN (164.00) | Must Buy C/F 160-163 | 170 | 173—175 | 157.5 | Worst is over for the stock for time being. | |
PFC (139.20) | Buy C/Fut. At 137-139 | 145 | 148—150 | 135 | Something is cooking, Low risk & High gain. | |
.Derivative- Future (Strategy for the week) | ||||||
TATASTEEL (194.50) | Must Sell At 195-198 | 186 | 181—176 | 205 | Max Profits: Unlimited | Steel stocks can show profit booking |
TATASTL CA200 (6.45) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3000 | |||
NIFTY (2946.15) | Sell At 2950 — 3000 | 2820 | 2750-2700 | Abv 3050 | Max Profits: Unlimited | Mkt is not holding high levels, Resis 3050 |
NIFTY CE 3000 (56.25) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 2500 | |||
Derivative- Option | ||||||
Must buy at 2---3 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Street is looking for a quick jump up to 120 | |||
RPOWER PA 100 (2.05) | Buy As Hedging | Max Loss: Rs. 2000 |
Weekly News Letter (Dated 16th – 20th Feb 2009) Performance Report: Approx Profit / Loss: Rs. 14757.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
CAIRN | Buy At 160 | 157.5 | – 2.5 | 1250 | Loss Rs. 3125.00 |
PFC | Buy At 137 | 135 | – 2 | 1200 | Loss Rs. 2400.00 |
TATASTEEL (Fut./Opt) | Sell/Buy At 195/ 5 | 165/ 1 | 30 – 4 = 26 | 382 | Profit Rs. 9932.00 |
NIFTY (Fut./Opt) | Sell-Buy At 2920/ 30 | 2700/ 2 | 220 – 28 = 192 | 50 | Profit Rs. 9600.00 |
RPOWER (Option Strategy) | Buy-Sell 2 / 2 | 0.50 / 5 | – 1.50 + 3 = 1.50 | 500 | Profit Rs. 750.00 |
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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://www.ibnservice. com/ Group: http://finance.groups.yahoo.com/group/ibnservicesdelhi/ Call: (91) 9899909899 OR 9968443444 Subscription: Click Here..
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