Weekly News Letter—Dated 28th May – 2nd June 2007

~~OM~~

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

Weekly News Letter—Dated 28^th May – 2^nd June 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: 4248.15 (33.65) Resis – 4300, 4330, 4360, 4400 Supports – 4200, 4150, 4110, 4065, 4040

SENSEX: Weekly Close: 14338.45 (35.04) Resis – 14500, 14620, 14750, 14900 Supports – 14180, 14000, 13850, 13750

Our overall analysis worked well; again see new high this week. We expect some profit booking before we head for 15000 marks. Pls avoid long positions till clear trend emerges. IT & fmcg r hot.

Sensex Range for This Week 14000-14700 above which it will touch 15000 Bel Tgt 13700; Resistance at 14500 closing.

TRADER’S PICK THIS WEEK: POLARIS (C/F), RPL (C/F), IDEA (C/F), VOLTAS (C/F), CAIRN (C/F), GMR (C/F) etc.

LAST WEEK PROFITS IDBI -2.5%; PRITHVI INFO 00%: POLARIS-Fut. Rs 00, BAJAJ HIND-Fut. Rs 19000, IVRCL (Opt) Rs 12500.

IPO DIARY: Decolight Ceramics Ltd. (App. Date: 24-29 May), (Price Band: 45-54) Our View: Subscribe.

SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2	SL	STRATEGY
Hot for this week
BOMBAY DYE (103.75)	Buy C/F 100-103	107.5	109.5	97.5	Huge upside left, likely to cross 110 levels this week.
SATYAM (471)	Buy C/F At 460-470	484	490	450	Buy in Bulk this wk for good gains in cash segment.
Derivative- Future/ Options (Strategy)
RCOM (507.30)	MustBuyAt 500-507	523	534	490 ------	Max Profits: Rs. 15000+ Max Loss: Rs. 3000	Short covering will be seen till fno exp.
RCOM PA 500 (7.65)	Buy with Future	Hedging Position
IVRCL (345.75)	Grab At 337-345	359	365	329 ---	Max Profits: Rs. 10000+ Max Loss: Rs. 2000	A big hurdle at 360 for more upside.
IVRCL PA 340 (9.00)	Buy With Fut. At 6	Hedging Position
Derivative- Options (Strategy)
INFOSYS CA 2010 (16.80)	Must Buy At 10-15	40	50	0 0	Max Profits: Unlimited Max Loss: Rs. 3000	Buy in bulk n hold till exp for gains.
INFOSYS PA 1980 (17.90)	Buy with CA	Hedging Position

Weekly News Letter (Dated 21^th May – 26^th May 2007) Performance Report: Approx Profit: Rs. 25500.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IDBI	Buy At 100	97.5	2.5	2400	Loss Rs. 6000
PRITHVI INFO	Buy At 305	305	0	100	Profit Rs. 00
POLARIS (Fut.)	Buy At 172	172	0	1400	Profit Rs. 00
BAJAJ HIND (Fut.)	Buy At 175	185	10	1900	Profit Rs. 19000
IVRCL (Options)	Buy At 10/35	20/ 20	25	500	Profit Rs. 12500

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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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