Daily News Letter Dated 8th Mar 2007--Given to paid members before mkt hrs...

~~OM~~

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

Daily News Letter—Dated 8^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: 3626.85 (28.80) Resis – 3700, 3800, 3850, 3910 Supports – 3610, 3540, 3500, 3450, 3400, 3350

SENSEX: Last Close: 12579.75 (117.34) Resis – 12850, 13150, 13300, 13500 Supports – 12500, 12300, 12150, 12000

Stay cautious at every rise, it might be trap. Must Sell at every rise & buy at lows for intra-day gains. Mkt moving in a range now 3550-3700 any side move will show bear or bulls sign.

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.): M&M (Buy 745, SL 735, Tgt2 765 Achieved)

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
CIPLA (233)	Buy C/ Fut. 225-230	237	240	222	Strong move in volatile Mkt, May head for 250.
IPCL (230)	Buy C/ Fut. At Dips	235	238	223	Merger news with RIL is on the street.
SRF (116)	Buy C/ Fut. At 115	119	121	112	Short covering should take place, Oversold stk.
Derivative- Future (Strategy)
RCOM (411)	Buy At Decl up to 403	415	419	399	Max Profits: Rs. Unlimited Max Loss: Rs. 3000	Telecom seems strong today.
RCOM PA 400 (13.5)	Buy At 10	Hedging Positions
TATA MOTOR (739)	Buy At Decl up to 725	745	754	720	Max Profits: Rs. Unlimited Max Loss: Rs. 3500	Some value buy may be seen.
TATAMOT PA 720 (20)	Buy at Decl to 15-17	Hedging Positions
Derivative- Option (Strategy)
ITC PA 160 (6.35)	Buy At 4-5	9	10	2.5	Max Profits: Unlimited Max Loss: Rs. 3000	Showing weakness.
ITC CA 170 (2.55)	Sell At 2.5-3	Hedging Positions

Yesterday’s (Date 7^th March 2007) Performance in Online Calls: Other Stocks: Bajaj Hind, GE Ship

SCRIPT	RECOM PRICE	PROFIT/ LOSS (Rs.)	LOT SIZE	NET PROFIT/ LOSS (In Rs.)
STERLITE - Sell	455	15	875	13125
NIFTY–SELL&BUY	3650 & 3540	50+45	50	4750
VSNL	370	4	525	-2100
ZEE TEL	225	5	700	3500
HCL TECH	630	7	325	-2275
REL CAP - SELL	593	12	550	6600
ACC - SELL	815	40	375	15000
BTST- MTNL	142	4.5	1600	7200

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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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