Daily News Letter Dated 22nd Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 22^nd 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: 3764.55 (66.95) Resistance – 3800, 3850, 3910, 3950 Supports – 3720, 3650, 3580, 3540, 3500, 3440

SENSEX: Last Close: 12945.88 (239.94) Resistance – 13100, 13300, 13520 Supports – 12750, 12570, 12300, 12150

Mkt to open higher, Nifty will test 3910 & abv this real bullishness. Banking is hot, which we have been telling from 20^th March. We can witness volatility due to nearing of F&O expiry next week.

BTST in Last Trade (Cash /Fut.): DIVIS (Buy 2945, SL 2925, Tgt 2980+); KTKBNK (Buy 170, SL 168.5, Tgt 174-175.5).

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
PRAJ IND (376.8)	Buy C/ F Abv 375	382	385+	370	Huge short covering will be seen, Tgt 400 soon.
RCOM (409.85)	Must Buy C/F 405-410	418	422	399	We expect All round buying, Tgt till exp 430+.
Derivative- Future (Strategy)
OBC (177.8)	Buy At 176-177.5	181	182.5	175 --	Max Profits: Rs. 10000+ Max Loss: Rs. 4000	Now buy n go long Tgt 185+.
OBC PA 170 (5.20)	Buy At 4	Hedging Positions
VSNL - (385)	Buy N Hold in Bulk	393	397	Bel 375 40	Max Profits: Rs. 20000+ Max Loss: Rs. 5000	Big blast expeted till Exp.
VSNL PA 380 (30.00)	Sell At Open	Gain in both
Derivative- Option (Strategy)
I… CA 1… (5.20)	Must Buy At 4-5	8	9.5	--- ----	Max Profits: 7000+ Max Loss: Rs. 2500	Buy n hold for spot Tgt 175.
I…. PA 1….. (2.60)	Buy with CA At 2	Hedging Positions

Yesterday’s (21^st March 2007) Performance in Online Calls: Total Profit/Loss: Rs. 38950/= Approx.

SCRIPT	BUY PRICE	TGT PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
IDBI	77.50	79	1.5	2400	3600
CUMMINS	260	263	3	950	2850
BOI	154	157	3	1900	5700
BHARTI - Sell	435	442	-7	500	-3500
NIFTY - Buy & Sell	3668/ 3720 & 3700	3690/ 3760/ 3715	22+40- 15= 47	50	2350
J&K BANK	611	623	12	300	3600
RCOM	403	412	9	700	6300
JINDAL STEEL	2190	2230	40	125	5000
BTST- IVRCL	291	300	9	500	4500
BTST- BOI	152	156.50	4.50	1900	8550

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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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