LAST WEEK::: Weekly News Letter—Dated 19th - 24th Mar 2007............. Given to paid members

~~OM~~

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

Weekly News Letter—Dated 19th - 24th Mar 2007

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Advice: Book profits in weekly at gain of 4-10% in stock (Cash/Fut) & don’t take risk with your money.

NIFTY: Weekly Close: 3608.55 (109.45) Resis – 3650, 3700, 3800, 3850, 3940 Supports –3580, 3540, 3500, 3440

SENSEX: Weekly Close: 12430.40 (454.59) Resis – 12570, 12750, 13150, 13350 Supports –12300, 12150, 12000, 11800

Mkt will be mixed with –ve bias. Any bounce back should be taken to short & cover at lower levels for gains. Now Close abv 13100 mark is very crucial for reversal this week & bulls comeback.

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

TRADER’S PICK THIS WEEK: RANBAXY (C/F), ESSAROIL (C/F), INDCEMENT (C/F), STERLIT (C/F), BPCL (C/F)

LAST WEEK PROFITS SBI - -2%; TISCO- 4%; WIPRO- Rs 20000, ACC- Rs 18000. Visit: http://nse-bse.blogspot.com

IPO DIARY: Orbit (App. date: 20-23 Mar); Price Band: 108-117; Our View: Avoid for time being.

ICRA Ltd. (App. date: 20-23 Mar); Price Band: 275-330; Our View: Apply At Lower Band.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot for this week
DR REDDY (682)	Buy At Decl 665-675	695	707	650	The stock was very strong in weak Mkt, Buy C/Fut.
IPCL (260)	Must Buy 255-260	267	274	250	Looking very good for upmove this week in C/Fut.
Derivative- Future/ Options (Strategy)
BANK NIFTY (4885)	Sell At Rise to 5000	4830	4760	5050 300	Max Profits: Rs. 15000+ Max Loss: Rs. 5000	Ready for decline this week.
BANKNIF CE 5000 (230)	Sell At Rise to 250	Hedging Position
BHARTI - Fut. (716.6)	Must Sell At Rise	700	691	735 ---	Max Profits: Rs. 15000+ Max Loss: Rs. 4000	Very weak on charts for free fall.
BHARTI CA 740 (13.0)	Buy At CMP	Hedging Position
Derivative- Options (Strategy)
HINDALCO CA 130 (3.8)	Buy At Dips 3-3.5	5	7	--	Max Profits: Rs. 5000+ Max Loss: Rs. 2000	Buy n Hold till F&O Exp for gains.
HINDALCO PA 125 (1.5)	Buy At 1—1.5	Hedging Position

Weekly News Letter (Dated 11^th Mar – 17^th Mar 2007) Performance Report: ApproxProfit: Rs. 50,000+

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
SBI- CASH	Buy At 960	SL HIT	-10	250	Loss Rs. 2500
TATA STL- CASH	Buy At 430	445	15	675	Profit Rs. 10000
WIPRO (Fut.)	Sell At 580	540	40	600	Profit Rs. 20000
ACC (Fut.)	Sell At 785	735	50	375	Profit Rs. 18000+
RCOM (Options)	Buy at 10 & 8	3 & 33	18	700	Profit Rs. 12000+

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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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