Weekly News Letter- Dated 21st - 25th March 2011. Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

~~OM~~

India Stock (A Unit of IBN Services, New Delhi)

Weekly News Letter— Dated 21^st – 25^th March 2010

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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.

NIFTY: Weekly Close: 5373.70 (71.75) Resis – 5555, 5620, 5700, 5800, 5930 Supports – 5300, 5200, 5050, 4800, 4650

SENSEX: Weekly Close: 17878.81 (295.28) Resis – 18500, 18800, 19100, 19500 Supports – 17650, 17300, 17000, 16500

Sensex Range This Week: 17500 - 18500 above which it will touch 19000 & Below Tgt 17000; Resis at 18500 closing.

Nifty can fall toward 5250-5160 below which sharp selling toward 4800 will be seen in coming days. Nifty has good Resis at 5550 closing basis, sell on rise. Hot sector this Week: Metal & IT.

LAST WEEK PROFITS: ESSAROIL 0%; TECHM -1.5%; ESCORTS- Fut. Rs.4000; MCLEOD- Fut. Rs. 15000; HINDALCO- (Opt) Rs. 10000

READER’S PICK THIS WEEK: INDHOTEL, NAGARCONST, PANTALOON, GRASIM, APOLLOTYRE, MRF, RELCAP etc

 

SCRIP CODE (CMP)	ENTRY LEVEL	TGT1		TGT2-3	SL	REMARKS
Hot - Cash/ Future Stocks for This Week
ESSAROIL (118.55)	Must Sell At 119—123	112	110—107		126	Profit booking can be seen, Sell on Rise only.
TECHM (706.05)	Sell At 710—730	670	655—640		740	Scrip looks weak on charts, Trade with SL.
Derivative- Future (Strategy for the week)
ESCORTS (134.05)	Must Sell At 135—139	127	123—120		Abv 142	Max Profits: Unlimited	One can short at rise with hedging.
ESCORTS CE 140 (2.7)	Buy when you sell Fut.	Hedging Position				Max Loss: Rs. 3000
MCLEODRUSS (264.1)	Sell At 265—272	252	245—240		Abv 277	Max Profits: Unlimited	Anytime free fall of 10—15% expected.
……………………(….)	…………….	Hedging Positions				Max Loss: Rs. 5000
Derivative- Option
HINDALCO CE200(4.8)	Must Buy At 4.5—3	Options Trading strategy with High Risk & High Gain this wk				Max Profits: Unlimited	Trade in bulk for 7-10 day 4 good gain
HINDALCO PE190(3.2)	Buy 1 Lot with CE 200					Max Loss: Rs. 5000

 

Weekly News Letter (Dated 21^st – 25^th Mar 2011) Performance Report: Maximum Profit / Loss: Rs. 24000.00

SCRIPT	REC PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
ESSAR OIL	Must Buy At 120	120	0	2000	Profit Rs. 0.00
TECHM	Sell C/Fut. At 730	740	-10	500	Loss Rs. 5000.00
ESCORTS (Fut./Opt)	Must Sell At 139 / 3	139 / 7	0 + 4 = 4	1000	Profit Rs. 4000.00
MCLEODRUS (Fut./Opt)	Sell At 270	255	15	1000	Profit Rs. 15000.00(Super Call)
HINDALC (Opt Strategy)	Buy At 3.0 / 1.50	8.5 / 0.50	5.50 – 0.50 = 5.0	2000	Profit Rs. 10000.00(Super Call)

 

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