Weekly News Letter—Dated 14th May – 19th May 2007 (FOR LAST WEEK)

~~OM~~

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

Weekly News Letter—Dated 14^th May – 19^th May 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: 4076.65 (40.7) Resis – 4115, 4140, 4175, 4230 Supports – 4040, 4000, 3950, 3910, 3860, 3800

SENSEX: Weekly Close: 13796.16 (138.11) Resis – 14000, 14100, 14200, 14400 Supports – 13750, 13600, 13430, 13300

The dark cloud seems over for bears, but 4040 Nifty level is crucial support on closing basis. We can see action in Banking, IT, Metals & short covering in selected stocks. Pls keep booking profits for gains & maintain strict SL until one side movement takes place. Abv 4150 see bullish side.

Sensex Range for This Week 13500-14300 above which it will touch 14700 Bel Tgt 13100; Support at 13700 closing.

TRADER’S PICK THIS WEEK: BAJAJAUTO (C/F), RPL (C/F), IDFC (C/F), AMTEK (C/F), CHAMBAL (C/F), JETAIR (C/F)

LAST WEEK PROFITS COLGATE 2%; ICICI BANK 4%: STERLITE Rs 8760, NIFTY Rs 2000, TISCO Rs 8100.

IPO DIARY: Asahi Songwon Colors Ltd. (App. date: 09-15 May); Price Band: 90-108; Our View: No View.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot for this week
JSW STEEL (599.6)	Buy C/F 590-600	620	627	577	Some +ve news expected this week for sudden gains.
ANDHRA BANK (86.85)	Grab C/F At 85-86	89.5	91	83	Bullish chart formation seen. Must Trade in C/F.
Derivative- Future/ Options (Strategy)
IDBI (95.25)	MustBuyAt 93-95	98	99.5	90 ------	Max Profits: Rs. Unlimited Max Loss: Rs. 3000	Our favorite stock ready for blast.
IDBI PA 90 (1.95)	Buy With Future	Hedging Position
MATRIX LAB (201.00)	Grab At 197-200	205	209	194 ---	Max Profits: Rs. 12000+ Max Loss: Rs. 3000	Steam left for upside & gain.
------ PA ------	----	Hedging Position
Derivative- Options (Strategy)
RCOM CA 480 (17.60)	Buy At 15-16	24	27	10 25	Max Profits: Rs. Unlimited Max Loss: Rs. 7000	Low risk & high gain, buy bulk.
RCOM PA 480 (16.8)	Sell At 16-20	12-10

Weekly News Letter (Dated 14^th May – 19^th May 2007) Performance Report: Approx Profit: Rs. 65100+

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
JSW STEEL	Buy At 600	620	20	550	Profit Rs. 11000
ANDHRA BANK	Buy At 88	91	3	2300	Profit Rs. 6900
IDBI (Fut.)	Buy At 96	100	4	2400	Profit Rs. 9600
MATRIX (Fut.)	Buy At 210	230	20	1250	Profit Rs. 25000
RCOM (Options)	Buy At 16/16	24/6	18	700	Profit Rs. 12600

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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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