Weekly News Letter- Dated 2nd - 6th 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 2nd – 6th 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: 8891.61 (48.40) Resis – 9400, 9700, 10000, 10350 Supports – 8800, 8500, 8100, 7850, 7200
NIFTY: Weekly Close: 2763.65 (27.20) Resis – 2875, 2950, 3030, 3130, 3240 Supports – 2700, 2620, 2500, 2430, 2200
Mkt can show more downside toward Nifty 2600-2500 levels this week, which will act as good support, one can buy at these levels for bounce back gains to 2850. Hot Sector this week: Oil.
Sensex Range for This Week: 8300 - 9500 above which it will touch 10000 & Below Tgt 7500; Resis at 9300 closing.
LAST WEEK PROFITS: IVRCL– 10%; TATAMOT– -2.2%; NIFTY- Fut. Rs. 9500; RENUKA-Fut. Rs. 25000; RPL (Opt) Rs. 3015
TRADER’S PICK THIS WEEK: SELL: SUGAR STOCKS, CENTURY, RANBAXY; BUY: CAIRN, TATAMOTOR, RPL, TATASTEEL, ORCHID etc.
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| IVRCL (108.90) | Must Buy C/F 103-106 | 113 | 115—117 | 100 | Stock is oversold; Buy at dips for quick gains. | |
| TATA MOTOR (149.30) | Buy C/Fut. At Dips | 155 | 157—160 | 140 | Low Risk & High Gain, Stock can show 160+. | |
| .Derivative- Future (Strategy for the week) | ||||||
| NIFTY (2735.35) | Must Sell 2750-2820 | 2630 | 2575-2510 | 2875 | Max Profits: Unlimited | We can see more downside to 2500. |
| NIFTY CE2800 (81.45) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3000 | |||
| RENUKA (79.3) | Sell At 79—81.5 | 76 | 74.5—73 | Abv 84 | Max Profits: Unlimited | Free fall can be seen in the sugar stocks. |
| RENUKA CA85 (3.05) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 5000 | |||
| Derivative- Option | ||||||
| Buy Bulk At 3--4.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Stock is showing some +ve news in the street. | |||
| RPL PA 70 (2.15) | Buy PA As Hedging | Max Loss: Rs. 3500 | ||||
Weekly News Letter (Dated 2nd – 6th March 2009) Performance Report: Approx Profit / Loss: Rs. 52415.00
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| IVRCL | Buy At 103 | 113 | 10 | 2000 | Profit Rs. 20000.00 |
| TATA MOTORS | Buy At 143 | 140 | –3 | 1700 | Loss Rs. 5100.00 |
| NIFTY (Fut./Opt) | Sell/Buy At 2730/ 50 | 2520 / 30 | 210 – 20 = 190 | 50 | Profit Rs. 9500.00 |
| RENUKA (Fut./Opt) | Sell/ Buy At 81.5 / 3 | 76 / 2.5 | 5.5 – 0.5 = 5 | 5000 | Profit Rs. 25000.00 |
| RPL (Option Strategy) | Buy-Sell 2.5 / 1.60 | 1.5 / 3.5 | -1.0 + 1.90 = 0.90 | 3350 | Profit Rs. 3015.00 |
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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..
posted by NSE_BSE at Saturday, March 07, 2009
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