Weekly Letter- Dated 20th - 24th April 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 20th – 24th April 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: 11023.09 (219.23) Resis – 11300, 11650, 12000, 12500 Supports – 10500, 10150, 10000, 9700
NIFTY: Weekly Close: 3384.40 (42.35) Resis – 3500, 3570, 3650, 3750, 3900 Supports – 3240, 3130, 3050, 3000, 2950
We have been telling to be cautious & sell at rise around Nifty 3400-3500 levels, now street is talking of supp at 3200 but we expect 3050-3000 in coming days. Hot Sector for This Week: Power.
Sensex Range for This Week: 11500 - 10300 abv which it will touch 12000 & Below Tgt 9700; Support at 10000 closing.
LAST WEEK PROFITS: PFC– 6.5%; BAJAJHIND– 8.5%; TATAMOT- Fut. Rs. 33830; ROLTA-Fut. Rs. 57600; RNRL (Opt) Rs. 45415.2
TRADER’S PICK THIS WEEK: PFC, RNRL, ICICIBANK, BAJAJHIND, CANBANK, Sell- Metals; HEROHONDA (Sell), ALOKTEX, SUZLON etc.
| Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
| Hot - Cash/ Future Stocks for This Week | ||||||
| PFC (154.25) | Must Buy C/F At Dip | 160 | 163—167 | 140 | Buy at dip, chart showing bullish trend to 180 | |
| BAJAJHIND (76.35) | Buy C/Fut. At 74—72 | 79 | 81—84 | 70 | All sugar stocks are looking hot for upside. | |
| .Derivative- Future (Strategy for the week) | ||||||
| TATAMOTORS (233.6) | Must Sell at 235-242 | 222 | 218—215 | 250 | Max Profits: Unlimited | More downside exp towrd 210-200 level |
| TATAMOT CA250 (11) | Buy When u Sell Fut. | Hedging Positions | Max Loss: Rs. 10000 | |||
| ROLTA (96.25) | Sell At Rise 96—100 | 91 | 87—84 | Abv 103 | Max Profits: Unlimited | We expect profit booing this week. |
| ROLTA CA 110 (5.75) | Sell When u Sell Fut. | Hedging Positions | Max Loss: Rs. 3600 | |||
| Derivative- Option | ||||||
| Buy Bulk At 3.5---3 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Low risk & High gain, trade this wk. | |||
| RNRL CA 70 (1.85) | Sell 2Lot With CA 60 | Max Loss: Rs. 10000 | ||||
Weekly News Letter (Dated 20th – 24th Apr 2009) Performance Report: Approx Profit / Loss: Rs. 195045.20
| SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
| PFC | Must Buy At 150 | 160 | 10 | 2400 | Profit Rs. 24000.00 |
| BAJAJ HIND | Buy At 72 | 78 | 6 | 5700 | Profit Rs. 34200.00 |
| TATAMOTOR(Fut./Opt) | Must Sell At 242/ 11.1 | 227 / 16 | 15 + 4.90 = 19.90 | 1700 | Profit Rs. 33830.00 |
| ROLTA (Fut./Opt) | Sell At 103 / 10 | 80 / 1 | 23 + 9 = 32 | 1800 | Profit Rs. 57600.00 |
| RNRL (Opt Strategy) | Buy/Buy 2.5 / 2.40 | 5.25 / 0.60 | 2.75+(1.8*2)=6.35 | 7152 | Profit Rs. 45415.20 |
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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, April 24, 2009
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