Last Week----Weekly News Letter—Dated 23rd April – 28th April 2007

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

Weekly News Letter—Dated 23^rd April – 28^th April 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: 4083.55 (166.20) Resis – 4115, 4140, 4175, 4230 Supports – 4040, 4000, 3950, 3910, 3860, 3800

SENSEX: Weekly Close: 13897.41 (513.38) Resis – 14000, 14100, 14200, 14400 Supports – 13750, 13600, 13430, 13300

Mkt ready to touch & cross 14000, Abv this can show 14500 too. Two consecutive closes Abv 14000 expect new high in coming days. F&O expiry this week will show some volatility with up trend.

Sensex Range for This Week 13300-14100 above which it will touch 14500 Bel Tgt 12700; Resistance at 14000 closing.

TRADER’S PICK THIS WEEK: L&T (C/F), DABUR (C/F), IDBI (C/F), POLARIS (C/F), SOBHA (C/F), HINDALCO (C/F)

LAST WEEK PROFITS ASHLEY 0%; POLARIS 8%; PARSV Rs 15400, NIFTY Rs 5250 Visit: http://nse-bse.blogspot.com

IPO DIARY: Bhagwati Banq (App. date: 18 - 25 Apr); Price Band: 36-40; Our View: Apply at lower band.

Hilton Metal (App. date: 18 - 24 Apr); Price Band: 70-00; Our View: Apply for Mid-term gains.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot for this week
IDBI (85.45)	Buy C/F At 83-85	89	91+	Bel80	Oversold counter, Buy C/F for recovery with Mkt.
ESCORTS (126.6)	Grab C/FAt 122-125	130	133+	119.5	Huge short covering will be seen this week in Fut.
Derivative- Future/ Options (Strategy)
MPHASIS (319.6)	MustBuyAt 315-320	333	337+	310 ------	Max Profits: Rs. 12000+ Max Loss: Rs. 3000	Very good stock & continuous upside.
MPHASIS PA 300 (8.0)	Buy At 5-4	Hedging Position
RCOM - MAY (458.00)	Grab At 450-455	474	480+	440 ---	Max Profits: Rs. 5000+ Max Loss: Rs. 1500	Steam left in the stock for Tgt 475+.
RCOM CA 450 (26.10)	Sell With Fut. At 30	Hedging Position
Derivative- Options (Strategy)
NIFTY CE 4100 (30.45)	Must Buy At 20-30	48	64+	0 0	Max Profits: Rs. Unlimited Max Loss: Rs. 4000	Buy n Gain till F&O exp this week.
IFCI CA 40 (0.70)	Buy At 0.5—0.6	1	1.5++

Weekly News Letter (Dated 23^rd Apr – 27^th Apr 2007) Performance Report: Approx Profit: Rs. 55825+

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IDBI	Buy At 83	89	6	2400	Profit Rs. 14400
ESCORTS	Buy At 122	130	8	2400	Profit Rs. 19200
MPHASIS (Fut.)	Buy At 315	310	5	800	Profit Rs. 4000
RCOM (Fut.)	Buy At 457	480	23	700	Profit Rs. 16100
NIFTY (Options)	Buy At 20	65	45	50	Profit Rs. 2250
IFCI CA40 (Options)	Buy At 0.5	1.5	1	7875	Profit Rs. 7875

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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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