Daily News Letter 8th May 2007---Gain from us...... Visit: http://stock.ibnservice.com/

~~OM~~

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

Daily News Letter—Dated 8^th May 2007

Visit: http://stock.ibnservice.com/ or http://nse-bse.blogspot.com/

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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: 4111.15 (6.20) Resis – 4180, 4230, 4265, 4300, 4340 Supports – 4110, 4040, 4000, 3950, 3910

SENSEX: Last Close: 13879.25 (55.02) Resis – 14300, 14500, 14650, 14800 Supports – 13930, 13750, 13600, 13400

Mkt to resume stronger but sea-saw movement not ruled out. Oil, Sugar & cement will be pick of the street today. Keep booking profits at higher levels & be light, as mixed view for Mkt trend seen.

Sensex Range for This Week 13700-14500 above which it will touch 14700 Bel Tgt 13100; Support at 13700 closing.

BTST in Last Trade (Cash /Fut.): VSNL (Buy 452, SL 444, Tgt 457); MPHASIS (Buy 328 SL 324 Tgt 334).

Hot in Street: JSWSteel, BajajAut, BajajHind, IDBI, IDFC, HPCL, IOC, Alstom Proj, Wipro, JP Assoc etc.

Board Meetings Today: Dabur, TRF Ltd, Gail India, Kotak Mahindra, Syndicate Bank, GTN Textiles etc.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot Today
CHENNAIPETRO (225)	Buy At 220-225	230	234	214	Sleeping tiger, ready to roar in C/F today again.
ARVIND MILLS (46.8)	Grab c/f At 45.5-46.5	47.5	48++	Bel 45	We can see a sharp bounce back. Can show 50+
Derivative- Future (Strategy for today)
INDUSBANK (45.55)	Must Buy At 44.5-45	46.7	47.5++	Bel 44 --	Max Profits: Rs. 7000+ Max Loss: Rs. 2800	Short covering can be seen.
INDUS PA 45 (5.15)	Buy At 2.5-3	Hedging Positions
RENUKA (467.55)	Buy At 460-465	475	479	Bel 454 ---	Max Profits: 17000+ Max Loss: Rs. 6000	Sugar turns sweeter in mkt.
---	---	---
Derivative- Option (Strategy)
ITC CA 165 (4.30)	Buy At 3-4	6.5	7.5+	2.5 --	Max Profits: 9000+ Max Loss: Rs. 2500	Buy n Hold for 3-4 days.
ITC PA 160 (3.65)	Buy With CA	Hedging Positions

Yesterdays (7^th May 2007) Performance in Online & BTST Calls: Total Profit/Loss: Rs. 17475.00 Approx.

The result (profit/ loss) may vary from person to person, due to one’s trading habit. The price calculated on intra-day target achieved.

Click Here: http://nse-bse.blogspot.com/ to see the scrip-wise profits for last trade.

Monthly Perf Report (April): http://nse-bse.blogspot.com/2007/04/monthly-performance-report-online-calls.html

Hot stocks in this month (May 2007)—Given on 3rd May 2007

For Online Calls join me in Yahoo/ Gmail/ MSN Messenger: ibnservices

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). Write to: info@ibnservice.com Visit: http://nse-bse.blogspot.com/ OR http://stock.ibnservice.com/ http://finance.groups.yahoo.com/group/ibnservices/