Daily News Letter Dated 21st Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 21^st 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: 3697.60 (18.70) Resistance – 3750, 3800, 3850, 3940 Supports – 3650, 3580, 3540, 3500, 3440

SENSEX: Last Close: 12705.94 (60.95) Resistnce –12920, 13150, 13350 Supports – 12570, 12300, 12150, 12000, 11800

Mkt to remain volatile & strong only abv 3750 in Nifty. Pls sell at high & buy low in Mkt. Short covering taking place for last 2 days & this will lead to recovery in the mkt, Banking are hot today .

BTST in Last Trade (Cash /Fut.): IVRCL (Buy 291, SL 287, Tgt 295+); BOI (Buy 152, SL 149.50, Tgt 155-157+).

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
SBI (955)	Buy C/ F At 950-955	967	975	940	Banking stocks on recov, Buy n Hold, Tgt 1000.
ACC (745)	Must Buy C/F 740-745	755	763	733	Ready to explode any moment Till Exp Tgt 790.
Derivative- Future (Strategy)
RCOM (400)	Buy At 396-400	407	412	393 --	Max Profits: Rs. 12000+ Max Loss: Rs. 3500	Buy in bulk for huge gains tday.
RCOM PA 390 (6.00)	Buy At 5	Hedging Positions
POLARIS - (182)	Buy At Every Dip	185	187	Bel 175 --	Max Profits: Rs. 15000+ Max Loss: Rs. 3000	Good short covering seen.
POLARIS PA 170 (2.80)	Buy Around 2-2.5	Hedging Positions
Derivative- Option (Strategy)
……… CA140 (1.0)	Buy At CMP	3	4.5	--- ----	Max Profits: Unlimited Max Loss: Rs. 2200	Buy in Bulk n Hold till exp.
……… PA 130 (1.6)	Buy At CMP	Hedging Positions

Yesterday’s (20^th March 2007) Performance in Online Calls: Total Profit/Loss: Rs. 70118/= Approx.

SCRIPT	BUY PRICE	TGT PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
SBI	935	958	23	250	5750
CORP BANK	227	240	13	1200	15600
GUJ AMBUJA	110	112	5	2062	4124
BPCL (HOLDING)	300	320	20	1100	22000 ( Long from 16th March)
NIFTY - Buy & Sell	3670 & 3692	3708/ 3670	38+22= 60	50	3000
POLARIS- Buy&Sell	179 & 177	177/ 179	-2-2= -4	1400	-5600
RANBAXY	330	340	10	800	8000
IFCI	85	87	2	2950	5900
BTST-GUJAMBUJA	106	110	4	2062	8248
BTST- VOLTAS	82.50	84.20	1.70	1800	3060

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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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