Weekly News Letter- Dated 19th May - 23rd May 2008---Gain from us...... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/

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

Weekly News Letter— Dated 19^th May – 23^rd 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: 17434.94 (697.87) Resis – 17750, 18100, 18350, 18500 Supports – 17000, 16400, 16150, 16000

NIFTY: Weekly Close: 5157.70 (175.10) Resis – 5240, 5320, 5400, 5450, 5500 Supports – 5050, 4910, 4800, 4675, 4600

We are heading to crucial hurdle again at 5320 & if close above this for 3 consecutive sessions then 5650 possible. Good News this week can be for Monsoon. Keep eye on R-group stocks this week & specially on R-Power, as record date is near. Hot Sectors for this week: Infra, Telecom, Oil & Gas.

Sensex Range for This Week: 16300-18000 above which it will touch 18500 Below Tgt 15700; Resis at 18000 closing.

LAST WEEK PROFITS: IDBI -5%; ESCORTS 7%; RPOWER-Fut. Rs. 16425.00, GUJALK-Fut. Rs. 14000.00, NIFTY (Opt) Rs. 7850.00

TRADER’S PICK THIS WEEK: GNFC, TATA CHEM, RNRL, R-POWER, SKUMARS, BH. FORGE, ITC, FED BNK, KTK BANK, SAIL etc

IPO DIARY: ……………… (App. Date: …………….……), (Offer Price: ………..………) Our View: …………………

Board Meetings This Week: LAXMIMACH, TECHM, KTK BK, SKUMARS, SUZLON, SCI, GNFC, TTML, DRREDDY, BHARATFORG, BOB, HDIL, HAVELLS, BAJAJHLDNG, CUMMINSIND, BHEL, JETAIR, ITC, FEDBK, CROMP etc

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
IDBI (100.40)	Must Buy At 97-100	103.5	105-107	Bel 95	Oversold on charts, short covering can be seen.
ESCORTS (106.75)	Grab C/F At 103-106	110.5	112-114	Bel 100	Good vol. seen in last trading session, Resis 120
Derivative- Future (Strategy for the week)
RPOWER (419.45)	Buy At 405-415	433	440-448	Bel 395	Max Profits: Rs. Unlimited	Record date is coming, T 450+.
RPOWER PA 400 (9.20)	Buy With Future	Hedging Positions			Max Loss: Rs. 4000
GUJ ALKALI (190.70)	Must Buy At 185-190	197	199-202	182	Profits: Rs. 15000+++	Good rise in OI seen can do 210+.
…………... (……….)	………………	Hedging Positions			Max Loss: Rs. 4200
Derivative- Option
NIFTY PE 5200 (102.25)	Must Buy At Dip to 50	Options Trading strategy with Range Bound Sentiment.			Max Profits: 10000+	Keep NIFTY SL 5350, hold till exp
NIFTY CE 5300 (26.95)	Sell2Lot With PE5200				Max Loss: Rs. 2500

Weekly News Letter (Dated 19^th May 2008 – 23^rd May 2008) Performance Report: Approx Profit: Rs. 50275.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
IDBI	Buy At 100	95	-5	1200	Loss Rs. 6000.00
ESCORTS	Buy At 103	110.5	7.5	2400	Profit Rs. 18000.00
RPOWER (Fut.)/PA400	Buy At 415/ 6	448 / 2.5	33+ 3.5= 36.5	450	Profit Rs. 16425.00
GUJALKALI Fut.	Buy At 185	195	10	1400	Profit Rs. 14000.00
NIFTY(Option Strategy)	Buy-Sell 125 / 20	250 / 4	125 + (16*2) = 157	50	Profit Rs. 7850.00

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