Weekly News Letter- Dated 12th May - 16th May 2008---Gain from us...... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/

~~OM~~

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

Weekly News Letter— Dated 12^th May – 16^th May 2008

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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.

SENSEX: Weekly Close: 16737.07 (863.05) Resis – 17000, 17500, 17750, 18100 Supports – 16400, 16150, 16000, 15700

NIFTY: Weekly Close: 4982.60 (245.60) Resis – 5050, 5140, 5250, 5320, 5400 Supports – 4910, 4800, 4675, 4600, 4500

Mkt has shown bearish sentiment which can take Nifty to 4910 & 4800 levels. If Nifty stays at this level then expect a bounce back & short covering else next support toward 4650-4500 level. Cautions advised & avoid long positions as said earlier too. Hot Sectors this week: Bank, Metals & FMCG.

Sensex Range for This Week: 16000-17500 above which it will touch 18000 Below Tgt 15700; Support at 16150 closing.

LAST WEEK PROFITS: UNIPHOS 4.1%; AIR DECCAN 0%; IDBI-Fut. Rs. 4440.00, BRFL-Fut. Rs. 11500.00, ASHLEY (Opt) Rs. 4775.00

TRADER’S PICK THIS WEEK: JSW STEEL, IFCI, BATA, AIR DECCAN (Sell), NTPC (Sell), VOLTAS, BOI, GAIL (Sell), CHAMBAL etc.

IPO DIARY: Gokul Refoils & Solvent Ltd. (App. Date: 8-13 May), (Offer Price: Rs.175-195) Our View: Subscribe at Lower

Anu’s Laboratories Ltd. (App. Date: 12-15 May), (Offer Price: Rs.200-210) Our View: Subscribe For Long Term.

Board Meetings This Week: INDIABULLS, GAIL, LUPIN, SYNDIBNK, CHENNAIPET, PBN, CHAMBAL, VOLTAS, EDELWEISS, REDINGTON, SAIL, BOI, BONGREF etc

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
UNITED PHOS (348.30)	Must Buy At 336-345	360	364-367	Bel 330	Good stock for traders to trade in C/F, Keep SL
AIR DECCAN (135.10)	Sell C/F At 135-140	129	127-125	Abv 142	Looking weak on chart,can show profit booking
Derivative- Future (Strategy for the week)
IDBI (102.40)	Risky Buy At 98-101	105	106-107	Bel 95	Max Profits: Rs. 10000+++	Operator based trading seen.
IDBI CA 110 (2.35)	Sell With Future	Hedging Positions			Max Loss: Rs. 2000
BRFL (378.95)	Must Sell At 379-390	365	362-359	395	Profits: Rs. Unlimited.	Overbought on charts, free fall.
…………... (……….)	………………	Hedging Positions			Max Loss: Rs. 6000
Derivative- Option
ASHLEY CA 40 (1.65)	Must Buy At 1.3—1.5	Options Trading strategy with Bullish Sentiment in the Stock.			Max Profits: 12000++.	Trade & Hold this week 4 gains.
ASHLEY CA 45 (0.65)	Sell 2Lots With CA 40				Max Loss: Rs. 2000

Weekly News Letter (Dated 12^th May 2008 – 16^th May 2008) Performance Report: Approx Profit: Rs. 31215.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
UNITED PHOS	Buy At 345	360	15	700	Profit Rs. 10500.00
AIR DECCAN	Sell At 138	138	0	850	Profit Rs. 00.00
IDBI (Fut.) / CA 110	Buy At 98/ 2	101 / 1.30	3+0.70= 3.7	1200	Profit Rs. 4440.00
BRFL Fut.	Sell At 375	365	10	1150	Profit Rs. 11500.00
ASHLEY(OptionStrategy)	Buy-Sell 1.3/ 0.7	1.7 / 0.4	0.40+(0.30*2)= 1	4775	Profit Rs. 4775.00

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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). Write to: ibnservices@gmail.com Visit: http://nse-bse.blogspot.com/ OR http://stock.ibnservice. com/

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