Weekly News Letter- Dated 16th - 20th March 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 March 2009
Visit: http://www.ibnservice.com/ or http://ibnservices.blogspot.com/
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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: 8756.61 (430.79) Resis – 8800, 9000, 9400, 9700, 10000 Supports – 8100, 7850, 7200, 6500, 6200
NIFTY: Weekly Close: 2719.25 (99.10) Resis – 2730, 2775, 2875, 2950, 3030 Supports – 2500, 2430, 2200, 2000, 1920
Mkt can show further gain toward 2800 levels in Nifty, where one can go short with SL 2875 for Tgt 2650-2620 levels. The coming weeks are highly volatile. Hot Sector for this week: Banking.
Sensex Range for This Week: 8000 - 9700 above which it will touch 10000 & Below Tgt 7500; Resis at 9300 closing.
LAST WEEK PROFITS: ASHLEY– 11%; NTPC– -1.2%; IDFC- Fut. Rs. 41300; BOMDYE-Fut. Rs. 35100; HINDALCO (Opt) Rs. 20756.20
TRADER’S PICK THIS WEEK: SELL: NTPC, RENUKA, IDEA, BHARTI, RANBAXY; BUY: IDFC, CHAMBAL, ABAN, STER, RELCAP etc.
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| ASHOK LEY (17.45) | Must Buy C/F 17.4-17 | 18.5 | 18.9—19.2 | 16.5 | Just buy in bulk & forget for short term gain. | |
| NTPC (170.25) | Sell Cash/Fut. 171-175 | 165 | 163—161 | 177 | Fresh short positions build up seen, Tgt 150. | |
| .Derivative- Future (Strategy for the week) | ||||||
| IDFC (46.10) | Must Buy At 46--45 | 48 | 49—50 | 43.5 | Max Profits: Unlimited | One must go long for Tgt 50+ this wk. |
| IDFC PA 45 (1.35) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 7500 | |||
| BOMDYEING (123.00) | Grab At 118—122 | 129 | 131--133+ | Bel 114 | Max Profits: Unlimited | We r long for Tgt 135-142 levels soon. |
| ………………. (……….) | ……………….. | Hedging Positions | Max Loss: Rs. 7200 | |||
| Derivative- Option | ||||||
| Buy Bulk At Any Dip | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Stock is oversold on charts, exp recovery. | |||
| HINDALCO PA40(0.55) | Buy PA as Hedging | Max Loss: Rs. 3500 | ||||
Weekly News Letter (Dated 16th – 20th March 2009) Performance Report: Approx Profit / Loss: Rs. 130196.20
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| ASHOK LEYLAND | Buy At 17 | 18.90 | 1.90 | 19100 | Profit Rs. 36290.00 |
| NTPC | Sell At 175 | 177 | -2 | 1625 | Loss Rs. 3250.00 |
| IDFC (Fut./Opt) | Buy/Buy At 45.5 / 1.5 | 53 / 1 | 7.50 – 0.50 = 7 | 5900 | Profit Rs. 41300.00 |
| BOMDYEING (Fut./Opt) | Buy At 122.5 | 142 | 19.5 | 1800 | Profit Rs. 35100.00 |
| HINDALCO (Opt Strategy) | Buy/Buy 0.60 / 0.50 | 3.75 / 0.30 | 3.15 – 0.20 = 2.95 | 7036 | Profit Rs. 20756.20 |
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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..
posted by NSE_BSE at Friday, March 20, 2009
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