Daily News Letter Dated 1st Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 1^st 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 Trade Close: 3745.30 (148.60) Resistance – 3780, 3820, 3850 Supports –3730, 3680, 3660

SENSEX: Last Trade Close: 12938.09 (540.74) Resistance – 13100, 13300, 13450 Supports – 12850, 12680, 12500

Next Support for Nifty is 3660 below which it may show 3520 levels. We Expect bottom fishing around 3660. So trade with Small Quantity.

Sensex Range for This Week 13300-14300 above which it will touch 14500 Bel Tgt 13100; Resistance is 14000 closing.

IPO DIARY: Abhishek Mills (App. date: 20 Feb-01 Mar); Price Band: 90-100; Our View: For Mid Term.

SCRIPTS	Sell TGT	S. LOSS		CMP	BUY AROUND			TGT 1 & 2		Remarks
Hot Today
WIPRO	584-589	Buy Abv 576		561	Sell C/ Fut. At Rise			554-550		Free fall on Cards.
ORCHIDCHEM	212-210	Sell Bel 215		225	BuyC/ Fut. At 219-222			227-230		Expect a Bounce back frm low.
Derivative- Future
JSTAINLESS	121-119	Sell Bel 124		129	Buy Abv 125			131-133+		Still stable in weak Mkt.
CUMMINS	365-368	Buy Abv 360		351	Sell at Rise			345-342		Looks Weak.
Derivative- Option
Pls Avoid & let Mkt to Stable	----	----	---		----	----			----		---------
Investment Pick							Remarks
Pls Avoid & let Mkt to Stable	----	-----		----		----	-----

Yesterday’s Online Calls(C/F): TATASTEEL (CASH/FUT), PRAJIND (CASH/FUT), ASHLEY (CASH/FUT), IDBI (CASH/FUT), MARUTI (CASH/FUT), ACC (CASH/FUT), etc.

Picks for Mar month: BEL (At 1500-50 Tgt 1700+ SL 1450); WIPRO (At 600 Tgt 650+ SL 570); SBI (At 1075 Tgt 1150 SL 1050); IDBI (At 85 Tgt 100 SL 80); IFCI (At 25-27 Tgt 31 SL 23); SAIL (At 110 Tgt 120+ SL Bel 100); STERLITE (At 500 Tgt 540+ SL Bel 490); REL CAP (At 650-670 Tgt 700+ SL 630) etc.

Accumulate at Declines (for short terms): Wait for Mkt to be stable after the budget.

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