Daily News Letter Dated 23rd Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 23^rd 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: 3875.90 (111.35) Resistance –3910, 3950, 4000, 4050 Supports –3800, 3720, 3650, 3580, 3540

SENSEX: Last Close: 13308.03 (362.15) Resistance –13500, 13625, 13800 Supports – 13100, 12750, 12570, 12300

Mkt will show sea-saw movement, book profits around 3910 in Nifty & stay with cash until F&O exp. We still see the Mkt as relief rally & short covring. Be a Day-trader only & avoid long position.

Sensex Range for This Week 12000-13150 above which it will touch 13300 Bel Tgt 11500; Support is 12000 closing.

BTST in Last Trade (Cash /Fut.): RPL (Buy 70.50, SL 69.8, Tgt 73+ Achieved); IDBI-Fut. (Buy 80.5, SL 79, Tgt 82-83).

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
MTNL (148.5)	Buy C/ F At 147-148.5	150	151.5	Bel 145	Stock in consolidation, Big blast any moment.
UTI BANK (504)	Must Buy C/F 495-500	510	515+	490	Buy at every dip with SL for huge gains in C/F.
Derivative- Future (Strategy)
DIVISLAB (2999)	Buy At Dips	3040	3074	2935 --	Max Profits: Rs. Unlimited Max Loss: Rs. 5000	If Mkt sustains then big move.
DIVIS PA 2950 (25.00)	Buy At 20-25	Hedging Positions
NAG CONS - (167.45)	Buy at 164-166	170	172	Bel 160 ---	Max Profits: Rs. 7000+ Max Loss: Rs. 2500	Short covering will lead the stk.
NAGCON PA 160 (2.9)	Buy with Future At 2	Hedging Positions
Derivative- Option (Strategy)
NIFTY CE 3900 (44.45)	Must Buy At 40-30	75	90	--- ----	Max Profits: 3500+ Max Loss: Rs. 1500	Buy n hold for spot Tgt 4000.
NIFTY PE 3800 (28.20)	Buy with CA At 25-20	Hedging Positions

Yesterday’s (22^nd March 2007) Performance in Online Calls: Total Profit/Loss: Rs. 78476.5/= Approx.

SCRIPT	BUY PRICE	TGT PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
NAG FERT	12.50	12.80	0.30	14000	4200
TATA MOTORS	785	807	22	412	9064
BOI ( Alert)	167	174	7	1900	13300
J&K BANK (Alert)	625	655	30	300	9000
BOMBAY DYE	470	482	12	300	3600
IFCI	28	29.50	1.50	7875	11812.5
BTST- DIVIS LAB	2245	3000	55	250	13750
BTST- KTK BANK	170	175.50	5.50	1250	6875

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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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