Daily News Letter Dated 2nd Feb 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 02^nd Feb 2007

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Advice: Book profits in Intra-day at gain of 2-3% in stock (Cash/Fut) & don’t be greedy for money.

NIFTY: Last Trade Close: 4137.20 (54.50) Resistance – 4150, 4200, 4230, 4250 Supports – 4100, 4060, 4035, 4000

SENSEX: Last Trade Close: 14267.20 (176.30) Resistance –14300, 14450, 14550 Supports –14180, 14070, 14000, 13850

We saw y’day what we said on 31^st Jan. Nifty again heading to new high and banking stocks are star. Minor hurdle lies at 4185. Real power in Mkt will be seen from next week for Tgt 4250.

Sensex Range for This Week: 13700-14500 above which it will touch 14600+ Bel Tgt 13300; Support is 14000 closing.

BTST in Last Trade (Cash /Fut): STERLITE (Buy 519, SL513, Tgt 529-534); SUZLON-Fut (Buy 1175, SL 1149, Tgt 1198-1210)

IPO DIARY: Power Finance Corp Ltd. (App. date: 31 Jan -06 Feb); Price Band: 73-85; Our View: Apply.

SCRIPTS	Sell TGT	S. LOSS		CMP	BUY AROUND			TGT 1 & 2		Remarks
Hot Today
ZEE TELE	312-209	Sell Bel 317		324	Cash/ Fut. 320-324			330-334		Moving in range but good.
TATA STEEL	442-438	Must Sell 449		458	Buy C/ F At 452-455			465-570		Expected bounce back.
Derivative- Future
BANKINDIA	192.5--191	Sell Bel 195		197.7	Must Buy Abv 195			201--203		Ready for recvry T …. Soon.
NTPC	138.5--137	Sell Bel 141		144.5	Grab At Open			147-148.5		Something cooking, We r long.
Derivative- Option
….. CA……	Buy At 2-2.5	CMP 2.75	SL 0		Tgt 4.5--6	Profit Unltd.			Max Loss: 6000		Buy n Hold till exp.
Investment Pick							Remarks
G…………….	Exit Below 29	CMP 32		Buy At 30-32		40-50	Good Buy for 3-6 months for good gains.

Yesterday’s Online Calls(C/F): NIFTY (FUT), DIVISLAB (FUT), SBI (CASH/FUT), RCOM (CASH/FUT), GNFC (CASH/FUT),

IDBI (CASH/FUT), IFCI (CASH/FUT), SRF (FUT), ACC (CASH/FUT), ESSAROIL (CASH/FUT), BANKBARODA (CASH/FUT),

SAIL (CASH/FUT), MTNL (CASH/FUT), TTML (CASH/FUT) etc.

Accumulate at Declines (for short terms): ROHIT FERRO (32 Tgt 50 SL 27), IPCL (289 Tgt 325 SL 265), SIEMENS (1140 Tgt 1300 SL 1100), MTNL (165 Tgt 200 SL 150), GNFC (110 Tgt 140 SL 100), ASHAPURA MINERAL (245 Tgt 300 SL 225) etc.

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Disclaimer – India Stock {A unit of India Business Network (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).

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