Weekly News Letter- Dated 2nd - 6th May 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 2nd – 6th Apr 2011
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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: 5749.50 (75.05) Resis – 5900, 5950, 6020, 6120, 6200 Supports – 5710, 5555, 5420, 5300, 5200
SENSEX: Weekly Close: 19135.96 (250.86) Resis – 19550, 19750, 20000, 20350 Supports – 19000, 18500, 18000, 17600
Sensex Range This Week: 18700 - 19500 above which it will touch 20000 & Below Tgt 18000; Support at 19000 closing.
Nifty can slide toward 5680—5600 this week but buy at dips for reversal. Nifty has good support at 5550 & Resis at 5950 for clear move. Hot sector for this Week: Bank & Infra.
LAST WEEK PROFITS: ABB 3%; FEDBANK 6%; PFC- Fut. Rs. 6500; PRAJIND- Fut. Rs. 28000; DCB- (Opt) Rs. 0.00
READER’S PICK THIS WEEK: CENTURY, CAIRN, RPOWER, PATNI, PFC, MCDOWELL, PRAJIND, LUPIN, SESAGOA etc
SCRIP CODE (CMP) | ENTRY LEVEL | TGT1 | TGT2-3 | SL | REMARKS | ||
Hot - Cash/ Future Stocks for This Week | |||||||
ABB (857.90) | Must Sell At 860—880 | 825 | 810—800 | 900 | We can see profit booking toward 800 soon. | ||
FEDERALBANK(421.1) | Sell C/Fut. 422--432 | 405 | 397—390 | 438 | All banking stocks are weak in coming days. | ||
Derivative- Future (Strategy for the week) | |||||||
PFC (226.55) | Must Buy At 226—220 | 235 | 240—245+ | Bel 215 | Max Profits: Unlimited | Good upside seen on charts, Tgt 250. | |
PFC PE 220 (2.75) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 5000 | ||||
PRAJIND (80.90) | Sell Around 81—83.5 | 77 | 75—72 | Abv 85 | Max Profits: Unlimited | Scrip is looking weak on charts. | |
PRAJ PE 80 (3.00) | Buy when you sell Fut. | Hedging Positions | Max Loss: Rs. 6000 | ||||
Derivative- Option | |||||||
Must Buy At 3.5—2.5 | Options Trading strategy with High Risk & High Gain this wk | Max Profits: Unlimited | Trade in bulk & hold for 4-7 days. | ||||
DCB CE 65 (0.95) | Sell 2 Lots with PE 60 | Max Loss: Rs. 10000 | |||||
Weekly News Letter (Dated 2nd – 6th May 2011) Performance Report: Maximum Profit / Loss: Rs. 65750.00
SCRIPT | REC PRICE | TGT | PROFIT / LOSS | UNIT | NET PROFIT/ LOSS (Rs.) |
ABB | Must Sell At 860 | 835 | 25 | 250 | Profit Rs. 6250.00 |
FEDERALBANK | Sell C/Fut. At 421 | 396 | 25 | 1000 | Profit Rs. 25000.0 (Super Call) |
PFC (Fut./Opt) | Must Buy At 220/3.5 | 215 / 15.00 | -5 + 11.5 = 6.5 | 1000 | Profit Rs. 6500.00 |
PRAJIND (Fut./Opt) | Sell At 81.50 / 2.50 | 76.00 / 4.00 | 5.50 + 1.50 = 7.0 | 4000 | Profit Rs. 28000.00(Super Call) |
DCB (Option Strategy) | Buy At 2.50 / 1.00 | 2.50 / 1.00 | 0.0 + (2*0.00) = 0.00 | 4000 | Profit Rs. 0.00 |
Disclaimer – India Stock {A unit of 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://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899
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