Sensex

Monday, May 07, 2007

$$ DreamGains !! $$ ICICIdirect Weekly F&0 Newsletter - May 07, 2007

 

F & O Weekly

May 07, 2007

View Markets expected to remain range-bound.
Key Positive Inflation dips to 5.77% from 6.09%
Key Negative Interest rate hike fears, UP polls may affect reforms
Key F & O Indicators Higher Open Interest, Nifty premiums indicate further upside
Strategies for this week:

Shree Renuka Sugar 
(RENSUG)

Satyam Computers 
(SATCOM)

Reliance Comm.           (RELCOM)

Strategy: 
Buy  May Futures
Strategy: 
Sell  May Futures
Strategy: 
Buy  May Futures

View: Bullish 
Buy Above Rs 491  

Target 1:  Rs  507  
Target 2: Rs   517  

Stop-loss: Rs 485.10  
Lot
size: 1000

View: Bearish 
Sell below Rs 470  

Target 1: Rs 461.20   
Target 2: Rs 455.10   
Stop-loss: Rs 474.90  
Lot
size: 600

View: Bullish  
Buy above  Rs 478  
Target 1: Rs 487  
Target 2: Rs 491  
Stop-loss: Rs 474.10  
Lot
size: 700

Strategies Follow-up:

Strategy Date

 Stock

   View

   Strategy

Price Reco.

Closing price ( 27/04/07 )

Target

 Stop- loss

Profit /(Loss)

    Comment

30/04/07

IOC

Bullish

Long Future

Buy above 442

445

453.50

433.10

5100

Target 1 Achieved

30/04/07

BEML

Bullish

Long Future

Buy Above 991

1005

1021

983

7500

Target 2 Achieved

Click here for detailed market
outlook...

To give your views or feedback on this report please CLICK HERE...

Disclaimer

 

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