Weekly News Letter- Dated 26th May - 30th 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 26^th May – 30^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: 16649.64 (785.30) Resis – 17000, 17750, 18100, 18350 Supports – 16400, 16150, 16000, 15650

NIFTY: Weekly Close: 4946.55 (211.15) Resis – 5050, 5240, 5320, 5400, 5450 Supports – 4910, 4800, 4675, 4600, 4500

This week is good time to gain from volatility. Nifty will find supports around 4910-4800 from there expect a bounce back toward 5050-5150. F&O expiry this week will show high fluctuations on intra-day basis, but avoid long until we close abv 5320. Hot Sectors for this week: Metal, IT & Oil & Gas.

Sensex Range for This Week: 15650-17500 above which it will touch 18000 Below Tgt 15300; Support at 16000 closing.

LAST WEEK PROFITS: ADLAB -2.5%; BOMDYE -2%; BPCL-Fut. Rs. 9900, JPASSOCIAT-Fut. Rs. 18225.00, RPOWER (Opt) Rs. 10350

TRADER’S PICK THIS WEEK: ONGC, ALOK TEXT, IOC, CHENNAI PET, REC, TATA STEEL, MC DOWELL, HTMT, GITANJALI etc

IPO DIARY: Niraj Cement Structurals Ltd (App. Date: 26 May - 30 May), (Offer Price: 175--190) Our View: ………

Board Meetings This Week: OMAXE, EKC, HTMTGLOBAL, RECLTD, JINDALSTL, NEYVELI, IVRPRIME, IOC, M&M, IFLEX, IVRINFRA, TATAMOTOR, LITL, HPCL, ADLAB, ORCHID, LT, NTPC, SOBHA, PUNJ, COLPAL, TATATEA etc

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
ADLAB (675.95)	Must Buy C/F At Dip	700	709-718	Bel 635	Oversold on charts, best buy on dip for bounce.
BOMBAY DYE (983.50)	Buy C/F At 940-975	1010	1020-30	Bel 920	V. strong stock to trade C/F at every dip 4 gains
Derivative- Future (Strategy for the week)
BPCL- June (360.60)	Buy At 347-357	370	374-377	Bel 340	Max Profits: Rs. 10000+	Oil mktg stock r good this week.
……….. (…….)	Buy With Future	Hedging Positions			Max Loss: Rs. 4000
JPASSOCIATE (239.05)	Must Sell June At 239	230	226-222	250	Profits: Rs. 15000+++	Looking weak on chart 4 fall to 210
JPASSOC CA 250 (3.15)	Sell May CA with Fut.	Hedging Positions			Max Loss: Rs. 5000
Derivative- Option
RPOWER CA 450 (8.05)	Must Sell At 7-10	Options Trading strategy with Range Bound Sentiment.			Max Profits: 7000+	Keep SL 460&400 on closing basis.
RPOWER PA 400 (4.30)	Sell2Lot With CA450				Max Loss: Rs. 1000

Weekly News Letter (Dated 26^th May 2008 – 30^th May 2008) Performance Report: Approx Profit: Rs. 29100.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
ADLAB	Buy At 650	635	-15	225	Loss Rs. 3375.00
BOMBAY DYE	Buy At 940	920	-20	300	Loss Rs. 6000.00
BPCL (Fut.)	Buy At 347	365	18	550	Profit Rs. 9900.00
JPASSO Fut / CA 250	Sell At 235/ 1.3	212/ 0	23+1.3=24.3	750	Profit Rs. 18225.00
RPOWER(OptionStrategy)	Buy-Sell 9 / 7	0 / 0	9 + (7*2) = 23	450	Profit Rs. 10350.00

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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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