Weekly News Letter- Dated 30th March - 3rd 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 30th March – 3rd April 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: 10048.49 (1081.81) Resis – 10300, 10500, 10750, 11000 Supports – 9700, 9300, 9000, 8700, 8500
NIFTY: Weekly Close: 3108.65 (301.60) Resis – 3175, 3240, 3300, 3350, 3400 Supports – 3050, 3000, 2950, 2875, 2820
Nifty has final hurdle at 3240 on closing basis & if manages then can show 3500-3650 levels. Before another ride we expect profit booking in this week, be cautious. Hot Sector for this week: Banking.
Sensex Range for This Week: 10300 - 9300 above which it will touch 10750 & Below Tgt 8800; Resis at 10350 closing.
LAST WEEK PROFITS: APTECH– 25%; JSWSTEEL– 45%; PRAJIND- Fut. Rs. 30800; NIFTY-Fut. Rs. 3500; IDFC (Opt) Rs. 26550
TRADER’S PICK THIS WEEK: SELL: RELINACE, RPL, RELINFRA, BHARTI; BUY: POLARIS, MOSERBAER, PUNJ, STEEL STOCKS etc.
Scripts | Trading Levels | Tgt1 | Tgt2 | SL | Remarks | |
Hot - Cash/ Future Stocks for This Week | ||||||
APTECH (82.45) | Must Buy C/F 82—79 | 86 | 87.5—90+ | 77 | Stock can show non-stop ride toward 90-100. | |
JSW STEEL (230.50) | Buy C/Fut. At Dips | 239 | 243—247+ | 210 | Expect a rise up to 250 levels with SL at 210. | |
.Derivative- Future (Strategy for the week) | ||||||
PRAJIND (57.75) | Must buy at 57---55 | 60 | 61—62.5+ | 53 | Max Profits: Unlimited | We expect the stock to rise beyond 65. |
…………… (………) | Buy When u Buy Fut. | Hedging Positions | Max Loss: Rs. 8800 | |||
NIFTY (3124.55) | Sell At Rise 3140-3175 | 3050 | 3020-2975 | Abv 3240 | Max Profits: Unlimited | Sell in opening on Monday for gains. |
NIFTY CE 3300 (56.95) | Sell When u Sell Fut. | Hedging Positions | Max Loss: Rs. 4000 | |||
Derivative- Option | ||||||
Buy Bulk At 3—2.5 | Options Trading strategy with Low Risk & High Gain this wk | Max Profits: Unlimited | Stock is oversold, exp sharp bounce. | |||
IDFC PA 50 (0.75) | Sell 2 Lots With CA60 | Max Loss: Rs. 5000 |
Weekly News Letter (Dated 30th Mar – 3rd Apr 2009) Performance Report: Approx Profit / Loss: Rs. 294850.00
SCRIPT | REC PRICE | TGT | PROFIT/ LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
APTECH | Must Buy At 79 | 100 | 21 | 3900 | Profit Rs. 81900.00 |
JSWSTEEL | Buy At 210 | 300 | 90 | 1650 | Profit Rs. 152100.00 |
PRAJIND (Fut./Opt) | Must Buy At 56 | 63 | 7 | 4400 | Profit Rs. 30800.00 |
NIFTY (Fut./Opt) | Sell At 3075 / 50 | 2975 / 80 | 100 - 30 = 70 | 50 | Profit Rs. 3500.00 |
IDFC (Opt Strategy) | Buy/Buy 2.5 / 1.50 | 5 / 0.50 | 2.5 + (2*1) = 4.5 | 5900 | Profit Rs. 26550.00 |
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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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