Weekly News Letter (Dated 27 February - 2 March 2012). Visit: http://www.ibnservice.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Weekly News Letter

Date: 27 February — 2 March 2012

Phone: (91) 9899909899; 9968443444; 9311353399

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NIFTY:

Last Close: 5429.30 (Down 135.00)

Resistance Levels: 5650, 5800, 5900, 6050, 6200

Support Levels: 5400, 5320, 5200, 5050, 4950

SENSEX:

Last Close:  17923.57 (Down 365.78)

Resistance Levels: 18650, 19100, 19500, 20000, 20500

Support Levels: 17850, 17500, 17100, 16600, 16300

Sensex Range This Week: 17500 - 18500 above which it will touch 19100 & Below Target 17000; Support at 17500 closing.

 

Market will show further downward toward 5350 & below this week and any close below 5250 can create panic selling. Nifty will find resistance at 5650 for further upside toward 5800+ levels in coming days. One should remain cautious & trade with hedging to avoid major loss.

Hot sectors for week: Bank & IT - Sell.

 

Last week’s profits:        STER 10%

                                                ESCORTS 5%

                                                BIOCON - Fut. Rs. 0.00

                                                INFY - Fut. Rs. 14875.00

                                                SBIN - (Option) Rs. 7500.00

 

Hot picks for this week:

NTPC, CHAMBLFERT, GAIL, TATASTEEL, IVRCLINFRA, RENUKA, ORCHIDCHEM, SUZLON, INFY, BHARTIARTL etc.

 

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot for this week
STER (118.65)	Must Buy At 118—114	123	125—128	112	Stock is looking oversold on chart, buy at dips.
ESCORTS (79.35)	Buy At  79—77	83	85—87+	75	Keep an eye for good upside in short term Tgt 90
Derivative- Future (Strategy for this week)
BIOCON (287.85)	Must Buy At 286—280	300	305—310+	Bel 275	Max Profits: Unlimited	Hidden gem among mid-cap sectors.
……………….. (……..)	………………..	Hedging Position
					Max Loss: Rs 5000
INFY (2976.00)	Sell At  2980—3040	2850	2800—2750	Abv  3100	Max Profits: Unlimited	Profit booking can be seen, keep hedging.
INFY CE 3050 (67.85)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 7500
Derivative- Option Strategy
SBIN CE 2250 (111.35)	Must Buy At 110—80	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4--7 days for good profits.
SBIN  PE 2200 (106.15)	Buy 1 Lot with CE 2250
					Max Loss: Rs. 12500

 

Weekly News Letter (Dated 27^th Feb– 2^nd March 2012) Performance Report: Maximum Profit / Loss: Rs. 60375.0

 

SCRIPT	TRADE PRICE	TGT	PROFIT / LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
STER	Must Buy At 114	125	11	2000	Profit Rs. 22000.0(Super Call)
ESCORTS	Buy C/Fut. At 77	81	4	4000	Profit Rs. 16000.0(Super Call)
BIOCON (Fut./Opt)	Must Buy 280	280	0	1000	Profit Rs. 0.00
INFY (Fut./Opt)	Sell At 2979/ 50	2840/ 30	139 - 20 = 119	125	Profit Rs. 14875.00
SBIN (Option Strategy)	Buy-Sell 75 / 120	145/ 110	70 - 10 = 60	125	Profit Rs. 7500.00

Disclaimer–  Kindly read carefully before trading with us :

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/ IBN Services 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/ IBN Services especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its News Letters or websites or through any medium (like: messenger/ sms/ group websites etc). You are responsible for your own investment/ trading decisions. India Stock/ IBN Services 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/ IBN Services 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.  All disputes subject to Delhi jurisdiction only. No part of any material may be duplicated in any form and/or distributed without IBN Services prior written consent. By: IBN Services Write to: ibnservices@gmail.caom Visit: http://ibnservices.blogspot.com/ OR http://www.ibnservice.com/ Call: (91) 9899909899