Weekly News Letter Dated 23rd -- 27th March 2009---Gain from us...... Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/
India Stock (A Unit of IBN Services, New Delhi)
Weekly News Letter— Dated 23rd – 27th 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: 8966.68 (210.07) Resis – 9300, 9700, 10000, 10300 Supports – 8700, 8500, 8100, 7850, 7200
NIFTY: Weekly Close: 2807.05 (87.80) Resis – 2875, 2950, 3030, 3110, 3240 Supports – 2700, 2620, 2500, 2430, 2200
Nifty will face hurdle at 2850 on closing basis but Resis zones are 2875-2950 levels, where fresh shorts will be witnessed. Trade this week will be stock specific. Hot Sector for this week: Oil Expl.
Sensex Range for This Week: 8400 - 9300 above which it will touch 9700 & Below Tgt 8000; Resis at 9300 closing.
LAST WEEK PROFITS: GTOFFS– 9%; FINANTECH– 7.5%; GVKPIL- Fut. Rs. 51300; ICICIBANK-Fut. Rs. 12600; CAIRN (Opt) Rs. 21250
TRADER’S PICK THIS WEEK: SELL: MARUTI, IOC, TATAMOTORS, ICICIBNK; BUY: BRFL, CAIRN, FSL, BRFL, ESCORTS, HINDALCO etc.
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| GTOFFSHORE (227.30) | Must Buy C/F 225-220 | 236 | 240—247+ | 216 | Highly oversold on charts, Can touch 250++. | |
| FINANTECH (551.00) | Buy C/Fut. At 545-535 | 570 | 577—590 | 525 | Good stock among IT sector, Buy in Cash/Fut | |
| .Derivative- Future (Strategy for the week) | ||||||
| GVKPIL-April (21.60) | Must buy at every Dip | 22.5 | 22.9—23.5 | 19.5 | Max Profits: Unlimited | The stock can rise up to 25—26.5 level |
| GVKPIL PA 20 (0.35) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 6500 | |||
| ICICIBANK-Apr(323.3) | Sell At Rise to 330-335 | 310 | 304—300 | Abv 340 | Max Profits: Unlimited | Stock is looking weak for further downside. |
| ICICIBNK CA350(16.9) | Buy APR as Hedging | Hedging Positions | Max Loss: Rs. 4000 | |||
| Derivative- Option | ||||||
| Buy Bulk At Any Dip | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Good strategy for 1-2 week for quick gains. | |||
| CAIRN-Apr PA150 (4.0) | Sell PA150 as Hedging | Max Loss: Rs. 5000 | ||||
Weekly News Letter (Dated 23rd – 27th March 2009) Performance Report: Approx Profit / Loss: Rs. 129150.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| GTOFFSHORE | Must Buy At 230 | 250 | 20 | 1000 | Profit Rs. 20000.00 |
| FINANTECH | Buy At 550 | 590 | 40 | 600 | Profit Rs. 24000.00 |
| GVKPIL (Fut./Opt) | Must Buy At 20 / 0.30 | 22.90 / 0.10 | 2.90 – 0.20 = 2.70 | 19000 | Profit Rs. 51300.00 |
| ICICIBANK (Fut./Opt) | Sell At 335 / 17 | 340 / 40 | –5.0 + 23 = 18 | 700 | Profit Rs. 12600.00 |
| CAIRN (Opt Strategy) | Buy/Buy 9 / 3.50 | 19.5 / 2 | 10 – 1.50 = 8.5 | 2500 | Profit Rs. 21250.00 |
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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/
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posted by NSE_BSE at Friday, March 27, 2009
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