Weekly News Letter- Dated 2nd June - 6th June 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 2^nd June – 6^th June 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: 16415.57 (234.07) Resis – 17000, 17750, 18100, 18350 Supports – 16400, 16150, 16000, 15650

NIFTY: Weekly Close: 4870.10 (76.45) Resis – 5050, 5240, 5320, 5400, 5450 Supports – 4800, 4675, 4600, 4500, 4440

Mkt is cautious this week & can show 4650-4500 levels if closes bel 4800. The trend can be reversed if closes abv 5050 for 2 consecutive days. News based panic & selling can be seen. Pls avoid long until we are safe, which is close abv 5320 for 2 days. Hot Sectors for this week: IT, Metals & Fertilizers.

Sensex Range for This Week: 15300-17500 above which it will touch 18000 Below Tgt 14000; Support at 16000 closing.

LAST WEEK PROFITS: CHAMBAL 9%; REL CAP 7.5%; POLARIS -Fut. Rs. 3080.00, NIFTY-Fut. Rs. 1150.00, RIL (Opt) Rs. 13200.00

TRADER’S PICK THIS WEEK: HINDOILEXP, TATACHEM, DIVIS, PATNI, PENINSULA, JSTAINLESS, STRTECH, RNRL (Sell), ITC etc

IPO DIARY: Avon Weighing System (App. Date: 9-12 June), (Offer Price: Rs. 10) Our View: Subs on Opening Day.

Board Meetings This Week: EDUCOMP, DLF, AIA ENG, HINDOILEXP, PENINLAND, DIVISLAB, PVR, ORBIT, FORTIS etc

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
CHAMBAL (83.40)	Must Buy C/F 80-83	87	89-91	Bel 77.5	All fertilizer stocks will remain hot, Trade C/F
RELCAP (1199.70)	Sell C/F At Rise	1165	1150-35	Abv 1180	Selling pressure will be seen at every rise in C/F
Derivative- Future (Strategy for the week)
POLARIS (106.20)	Buy At 102-105	109.5	112-114	Bel 340	Max Profits: Rs. 15000++	Delivery based buying seen.
POLARIS CA120 (1.95)	Sell With Future	Hedging Positions			Max Loss: Rs. 5000
NIFTY (4850.10)	Buy At 4780-4835	4935	4970-95	4740	Profits: Rs. Unlimited	Keep SL & Trade Mkt is in range.
NIFTY CE 5000 (66.50)	Sell When u Buy Fut.	Hedging Positions			Max Loss: Rs. 4000
Derivative- Option
RIL PA 2400 (89.05)	Must Buy At 60-80	Options Trading strategy with Range Bound Sentiment.			Max Profits: 10000+++	RIL has turned weak on charts.
RIL CA 2600 (26.15)	Sell2Lot With CA2400				Max Loss: Rs. 1500

Weekly News Letter (Dated 2^nd June 2008 – 6^th June 2008) Performance Report: Approx Profit: Rs. 47150.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
CHAMBAL	Buy At 80	87	7	3450	Profit Rs. 24150.00
REL CAP	Sell At 1220	1135	85	138	Profit Rs. 11730.00
POLARIS (Fut.)/CA120	Buy At 102/ 1.5	100 / 0.6	-2+0.9=-1.1	2800	Loss Rs. 3080.00
NIFTY Fut / CE 5000	Buy At 4780/ 78	4740 / 15	-40+63=23	50	Profit Rs. 1150.00
RIL (OptionStrategy)	Buy-Sell 70 / 29	200 / 6	130 + (23*2) = 176	75	Profit Rs. 13200.00

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