Weekly News Letter- Dated 4th - 8th May 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 4^th – 8^th May 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: 11403.25 (74.20) Resis – 11400, 11650, 12000, 12500 Supports – 10900, 10500, 10150, 10000

NIFTY: Weekly Close: 3473.95 (6.80) Resis – 3500, 3570, 3650, 3750, 3900 Supports – 3350, 3240, 3130, 3050, 3000

As indicated earlier a further upside toward 3600+ is seen in Nifty, which can be cautious & risky to hold long position. Trade in stock specific & book profit timely. Hot Sector this Week: Banking.

Sensex Range for This Week: 12000 - 10500 above which it will touch 12500 & Below Tgt 10000; Resis at 12000 closing.

LAST WEEK PROFITS: IDFC – 18%; RCOM – 14%; JSWSTL - Fut. Rs. 165000; BHFORGE - Fut. Rs. 96000; NIFTY - (Opt) Rs. -5000

TRADER’S PICK THIS WEEK: IDFC, ADLABS, RCOM, IRBINFRA, JSWSTEEL, TATASTEEL, PETRONET, IFCI, FINANTECH etc.

 

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Hot - Cash/ Future Stocks for This Week
IDFC (76.65)	Must Buy C/F 76.5-74	80	82—85+	72	Street is bullish in the stock 4 Tgt 90-100 soon
RCOM (214.80)	Buy C/Fut. 212—205	224	230—237	200	Stock is moving in a range, trade with SL 200.
.Derivative- Future (Strategy for the week)
JSWSTEEL (342.50)	Must Buy At 340-330	354	360—365	325	Max Profits: Unlimited	Trade with strict SL for quick gains.
…………… (…)	………….	Hedging Positions			Max Loss: Rs. 8250
BHARATFORG (125.6)	Grab At 125—122	131	133—135+	Bel 120	Max Profits: Unlimited	Hidden gem, just go in bulk for gains.
………… (…………)	………………	Hedging Positions			Max Loss: Rs. 8000
Derivative- Option
NIFTY PE 3500 (147.50)	Buy Bulk At 110--90	Options Trading strategy with Low Risk & High Gain this wk			Max Profits: Unlimited	Expected profit booking up to 3240.
NIFTY CE 3700 (76.65)	Sell 2lot With PE3500				Max Loss: Rs. 6000

 

Weekly News Letter (Dated 4^th – 8^th May 2009) Performance Report: Approx Profit / Loss: Rs. 382000.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IDFC	Must Buy At 78.50	92.50	14	5900	Profit Rs. 82600.00
RCOM	Buy At 218	249	31	1400	Profit Rs. 43400.00
JSWSTEEL(Fut./Opt)	Must Buy At 345	445	100	1650	Profit Rs. 165000.00
BHARATFORG(Fut./Opt)	Grab At 126	150	24	4000	Profit Rs. 96000.00
NIFTY (Opt Strategy)	Buy/Buy 105 / 100	105 / 150	0 + (-50*2) = -100	50	Loss Rs. 5000.00

 

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