Weekly News Letter—Dated 4th Jun – 9th June 2007

~~OM~~

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

Weekly News Letter—Dated 4^th Jun – 9^th 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: 4297.05 (48.9) Resis – 4330, 4360, 4400, 4425 Supports – 4200, 4150, 4110, 4065, 4040

SENSEX: Weekly Close: 14570.75 (232.3) Resis – 14700, 14900, 15000 Supports – 14180, 14000, 13850, 13750

We can see sea-saw movements this week, expect high volatility also. Pls avoid long positions as bulls are tiring & waiting for a profit booking of 300-500 points of Nifty. 15000 Levels is very crucial now.

Sensex Range for This Week 14000-15000 above which it will touch 15200 Bel Tgt 13700; Support at 14150 closing.

TRADER’S PICK THIS WEEK: POLARIS (C/F), Gail (C/F), Nag Cons (C/F), MTNL (C/F), CAIRN (C/F), GMR (C/F) etc.

LAST WEEK PROFITS NAG CONS -%; CIPLA %: SATYAM-Fut. Rs 11400, VSNL-Fut. Rs 9975, MTNL (Opt) Rs .

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
NAG CONS (171.3)	Buy C/F 165-171	175	180	160	Cons stock r looking good for fire soon.
CIPLA (224.20)	Buy C/F At 220-224	230	233	215	The stock bounce back 252
Derivative- Future/ Options (Strategy)
SATYAM (478.50)	MustBuyAt 470-475	484	489	463 ------	Max Profits: Rs. 15000+ Max Loss: Rs. 3000	The stock r looking very good.
…………………….	………….	………………
VSNL (458.40)	Grab At 450-455	470	474	443	Max Profits: Rs. 10000+ Max Loss: Rs. 2000	Stock will sure short covering in fut.
…………………….	…………	…………….
Derivative- Options (Strategy)
MTNL CA 170 (4.75)	Must Buy At 3.5-4.5	7	9	3	Max Profits: Unlimited Max Loss: Rs. 3000	Short covering now.
MTNL PA 160 (4.85)	Sell with CA 5-6	3 2

Weekly News Letter (Dated 4^th May – 9^th Jun 2007) Performance Report: Approx Profit: Rs. 12075.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
NAG CONS	Buy At 170	180	9	1000	Profit Rs. 9000
CIPLA	Buy At 220	215	-5	1250	Loss Rs. 6250
SATYAM (Fut.)	Buy At 475	489	14	600	Profit Rs. 8400
VSNL (Fut.)	Buy At 457	474	17	525	Profit Rs. 8925
MTNL (Options)	Buy At 4/ 6	3/2	-5	1600	Loss Rs. 8000

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