Daily News Letter Dated 20th Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 20^th Mar 2007

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Advice: Book profits in Intra-day at gain of 2-3% in stock (Cash/Fut) & don’t take risk with your money.

NIFTY: Last Close: 3678.90 (70.35) Resistance – 3700, 3800, 3850, 3940 Supports – 3650, 3580, 3540, 3500, 3440

SENSEX: Last Close: 12644.99 (214.5) Resistnce –12750, 13150, 13350 Supports – 12570, 12300, 12150, 12000, 11800

Mkt ready for short covering now & soon will show 13000+ mark, but volatility will be seen. Mkt strong only abv 13300 for bulls to come back for 14000 mark. Our view Pls avoid long positions.

BTST in Last Trade (Cash /Fut.): VOLTAS (Buy 82.5, SL 81, Tgt 85); GujAmbuja (Buy 106, SL 104, Tgt 108-109+).

IPO DIARY: ICRA Ltd. (App. date: 20-23 Mar); Price Band: 275-330; Our View: Apply.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot Today
IND CEMENT (162)	Buy C/ F Abv 160	165	168	158	Cement stocks are very good for recovery.
VSNL (377)	Buy C/F At 373-377	384	377+	367	Very good for day traders for sudden rise.
Derivative- Future (Strategy)
LT (1459)	Buy At 1445-1460	1484	1498	1430 --	Max Profits: Rs. Unlimited Max Loss: Rs. 3000	Move expected with the Mkt.
LT PA 1440 (27.6)	Buy With Future	Hedging Positions
MPHASIS - (292)	Buy At 288-292	295	298	Bel 285 --	Max Profits: Rs. Unlimited Max Loss: Rs. 2400	Good short covering seen.
MPHASIS PA 280 (3.55)	Buy Around 3	Hedging Positions
Derivative- Option (Strategy)
HCC CA 100 (2.95)	Buy At Dips 2-2.5	4	6	--- ----	Max Profits: Unlimited Max Loss: Rs. 2800	Buy in Bulk n Hold till exp.
HCC PA 90 (2.00)	Buy At CMP	Hedging Positions

Yesterday’s (19^th March 2007) Performance in Online Calls: Total Profit/Loss: Rs. 66600/= Approx.

SCRIPT	BUY PRICE	TGT PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
ORCHID	252	260	8	1050	8400
GDL	150	160	10	1000	10000
POLARIS	169.50	174.5	5	1400	7000
SUZLON- SELL	977	982	-5	200	-1000
NIFTY - Buy & Sell	3600 & 3640	3664/ 3648	64-8= 56	50	2800
KOTAK BANK	435	442	7	550	3850
DIVIS LAB	2880	2930	50	250	12500
IFCI	25.10	27.10	2	7875	15750
MTNL	146	149	3	1600	4800
BTST- NIFTY	3568	3538	50	50	2500

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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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