Weekly News Letter- Dated 24th - 27th February 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 24th – 27th 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: 8843.21 (791.53) Resis – 9400, 9700, 10000, 10350 Supports – 8800, 8500, 8100, 7850, 7200
NIFTY: Weekly Close: 2736.45 (211.90) Resis – 2875, 2950, 3030, 3130, 3240 Supports – 2700, 2620, 2500, 2430, 2200
We have been telling from time to time to sell at every rise, now Whole Street is bearish. Nifty has Resis at 2875-2950 levels & support at 2620, below which new low. Hot Sector this week: Metals.
Sensex Range for This Week: 8300 - 10000 above which it will touch 10300 & Below Tgt 7500; Support at 8800 closing.
LAST WEEK PROFITS: TATASTL – 7.5%; NTPC – 3%; RENUKA - Fut. Rs. 21500; SBIN -Fut. Rs. 11616; NIFTY (Opt) Rs. 1200
TRADER’S PICK THIS WEEK: SELL: DISHTV, NTPC, BOB, RENUKA, APTECH, DLF; BUY: HINDOILEXP, DIVIS, SRF, JETAIR etc.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
TATA STEEL (168.10) | Must Buy C/F 163-167 | 175 | 178-180 | 160 | Metal stocks r oversold on charts, exp bounce. | |
NTPC (177.75) | Sell C/Fut. At 178-181 | 170 | 167—165 | 184 | Low Risk & High Gain, Stock can show 160. | |
.Derivative- Future (Strategy for the week) | ||||||
RENUKA (82.65) | Must Sell At 83—84.5 | 80 | 78.5—77 | 87 | Max Profits: Unlimited | Just go short in bulk for Tgt 75—73 |
RENUKA CA 85 (1.35) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 7000 | |||
SBIN (1042.10) | Sell At 1050—1070 | 1020 | 1010-1000 | Abv 1100 | Max Profits: Unlimited | Stock has turned bearish for Tgt 950. |
SBIN CA 1050 (21.90) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3000 | |||
Derivative- Option | ||||||
Buy March at 100-130 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Just buy n hold for 15-20 days 4 gains. | |||
NIFTY CE 2800 (88.15) | Buy Mar As Hedging | Max Loss: Rs. 2000 |
Weekly News Letter (Dated 24th – 27th Feb 2009) Performance Report: Approx Profit / Loss: Rs. 60777.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
TATA STEEL | Buy At 163 | 175 | 12 | 1528 | Profit Rs. 18336.00 |
NTPC | Sell At 178 | 173 | 5 | 1625 | Profit Rs. 8125.00 |
RENUKA (Fut./Opt) | Sell/Buy At 81.5/ 0.50 | 77/ 0.30 | 4.5 – 0.20 = 4.30 | 5000 | Profit Rs. 21500.00 |
SBIN (Fut./Opt) | Sell-Buy At 1050 / 8 | 1000/ 2 | 50 – 6 = 44 | 264 | Profit Rs. 11616.00 |
NIFTY (Option Strategy) | Buy-Sell 100 / 71 | 100 / 95 | 0 + 24 = 24 | 50 | Profit Rs. 1200.00 |
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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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