Weekly News Letter—Dated 16th July –21st July 2007

~~OM~~

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

Weekly News Letter—Dated 16^th July –21^st July 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: 4504.55 (120.55) Resis – 4550, 4575, 4600, 4630 Supports – 4475, 4440, 4410, 4375, 4350, 4300

SENSEX: Weekly Close: 15272.72 (308.72) Resis – 15400, 15500, 15580, 15670 Supports – 15150, 15000, 14850, 14700

Mkt is moving in highly overbought zone & expected to correct very soon. High volatility can be seen now onward. Stock specific movement will be seen with some short coverings in F&O.

Sensex Range for This Week 14500-15500 above which it will touch 15800 Bel Tgt 14100; Support at 14700 closing.

TRADER’S PICK THIS WEEK: Gail (C/F), Wipro (C/F), BOI (C/F), IDEA (C/F), Crompton (C/F), HDFC (C/F) etc.

LAST WEEK PROFITS: SBI 3%; GTL -6%: Tata Steel-Fut. Rs 22275, IDBI Fut. Rs 14400, SRF (Opt) Rs 4500.

IPO DIARY: Simplex Projects Ltd. (App. Date: 10 July-13 July), (Price Band: 170-185) Our View: Subs.

Hot This Week
IDEA (121.65)	Buy At At 117-120	127	129+	Bel 115	We are bullish in the stock for Tgt 135 soon.
GAIL (319)	Buy C/F At 315-319	327	330++	Bel 310	Something cooking & now on breakout.
Derivative- Future (Strategy for the week)
BOI (267.60)	Must Buy At 260-265	274	279	Bel 257 ---	Max Profits: Unlimited Max Loss: Rs. 50000	All banking stock looks good
----- (---)	----	---
BHARATFORG (314.6)	Buy At 310-314	324	329	303 ---	Max Profits: Unlimited Max Loss: Rs. 5000	The stock is consolidating.
---- (----)	----	Hedging Positions
Derivative- Option
SYNDBANK CA85 (2.5)	Must Buy At 2	3.5	4+	1.5	The stock looks very good for gain this week.
Investment Pick
---- (----)	----	---	---	---	----------

Weekly News Letter (Dated 16^th July – 21^th July 2007) Performance Report: Approx Profit: Rs. 32600.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IDEA	Buy At 120	129	9	2700	Profit Rs. 24300
GAIL	Buy At 320	334	14	750	Profit Rs. 10500
BOI (Fut.)	Buy At 260	257	-3	1900	Loss Rs. -5700
BHARATFORG(Fut.)	Buy At 310	304	-6	1000	Loss Rs. -6000
SYNDBANK(Options)	Buy At 2.5	5	2.5	3800	Profit Rs. 9500

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