Daily News Letter Dated 7th Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 7^th 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 Close: 3655.65 (79.15) Resis – 3700, 3800, 3850, 3910 Supports – 3610, 3540, 3500, 3450, 3400, 3350

SENSEX: Last Close: 12697.09 (282.05) Resis – 12850, 13150, 13300, 13500 Supports – 12500, 12300, 12150, 12000

Mkt will be highly volatile with –ve bias. Still avoid long positions until 13300 seen on closing basis. Y’day it was relief rally with IT stocks. Trade with strict SL. Sell High & Buy Low or vice-versa.

Sensex Range for This Week 12100-13700 above which it will touch 14300 Bel Tgt 11900; Crucial is 13300 closing.

BTST in Last Trade (Cash /Fut.): MTNL (Buy 142, SL 140, Tgt 145 and 146.50)

IPO DIARY: Gremach Infra (App. date: 08-14 Mar); Price Band: 75-90; Our View: Apply for short term.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot Today
PRAJ IND (344)	Buy C/ Fut. Abv 340	350	354	336	Ready for quick recovery with the Mkt today.
REL PETRO (67.7)	Buy C/ Fut. At Dips	68	68.90	66	Crucial support at 65, stock very good for rise.
ICICI BANK (848)	Buy C/ Fut. At 840	860	869	825	Expect sharp swing with Mkt, looking v. good.
Derivative- Future (Strategy)
BHARTI (709)	Must Buy At Declines	720	727	699 10	Max Profits: Rs. Unlimited Max Loss: Rs. 5000	Telecom seems strong today.
BHARTI PA 700 (25)	Buy At 18-20	Hedging Positions
IND HOTEL (131.4)	Buy At Decl up to 130	133	134.50	128.5	Max Profits: Rs. Unlimited Max Loss: Rs. 3500	Anytime ready to catch fire.
INDHOTEL PA 130 (5)	Sell at Rise to 6-7	Hedging Positions
Derivative- Option (Strategy)
MTNL CA 145 (4.00)	Buy At 3-4	5.5	7	2	Max Profits: Rs. 10000+ Max Loss: Rs. 5000	Buy for Spot Tgt 147+.
MTNL PA 135 (3.00)	Buy At 2---2.5	Hedging Positions

Yesterday’s (Date 6^th March 2007) Performance in Online Calls:

SCRIPT	RECOM PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
TVS MOT (C/F)- Sell	58	2	2950	5900
NIFTY (FUT)- SELL	3620	55	50	2750
IDBI (C/F)	74	1.5	2400	-3600
RENUKA (C/FUT)	312	7	500	3500
TECH MAH (CASH)	1280	50	100	5000
BATA (C/F)	144	1.5	1050	-1575
STBT- STERLITE	460	12	875	10500

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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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