Daily News Letter Dated 16th Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 16^th Mar 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 Close: 3643.60 (2.50) Resis – 3700, 3800, 3830, 3910, 4000 Supports –3600, 3540, 3500

SENSEX: Last Close: 12543.85 (14.23) Resis – 12750, 13150, 13300, 13700 Supports – 12450, 12300, 12150, 12000

Mkt to open weak with bounce back at later half. Inflation data to be released around noon for this week & remain speculative, avoid long positions as mkt bias is -Ve . Buy at lows & Gain at bounce.

Sensex Range for This Week 12100-13700 above which it will touch 14300 Bel Tgt 11900; Crucial is 13300 closing.

BTST in Last Trade (Cash /Fut.): NIFTY-FUT (Buy 3625 & Dips, SL 3600, Tgt-3658); CORPBNK-SELL At 218

IPO DIARY: Gremach Infra (App.date: 08-19 March); Price Band: 75-90; Our View: Apply for short term.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot Today
ICICI BANK (822)	Sell C/ F At EveryRise	810	802	840	Very weak on charts more bloodbath seen tday.
SAIL (103)	Buy C/F At 101-102	104.5	106	100	Looking good to buy at every decline with SL.
RCOM (391)	Must Sell C/ F At Rise	384	381	402	Free fall on the Card, Must Trade in Cash/ Fut.
Derivative- Future (Strategy)
STERLITE (442)	Buy At Decl 435-440	448	453	430 --	Max Profits: Rs. Unlimited Max Loss: Rs. 3000	Buy At every dips for gains.
STERLITE PA 430 (..)	Buy At Dips	Hedging Positions
REL CAP- (600)	Sell At Rise upto 610	593	586	Abv 620 --	Max Profits: Rs. Unlimited Max Loss: Rs. 2500	Ready for fall swiftly today.
REL CAP CA 620 (….)	Buy Around CMP	Hedging Positions
Derivative- Option (Strategy)
HINDLCO CA130 (3.4)	Buy At 3 or Dips	5	7+	--- ----	Max Profits: Unlimited Max Loss: Rs. 2000	Buy n Hold till 4-5 days.
HINDLCO CA125 (2.0)	Buy At 2	Hedging Positions

Yesterday’s (15^th March 2007) Performance in Online Calls:

SCRIPT	RECOM PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
IVRCL	282	5	500	2500
REL	469	11	550	6050
KOTAKBANK	431	4	550	2200
NIFTY	3670	-15	50	-750
IDBI	76	-1.10	2400	-2640
STBT- SOBHA	785	13	350	4550
BTST- ORCHID	235	9	1050	9450

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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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