Weekly News Letter— Dated 18th – 22nd August 2008 Join us now.Visit: http://nse-bse.blogspot.com/

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

Weekly News Letter— Dated 18^th – 22^nd August 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: 14724.18 (443.64) Resis – 15300, 15800, 16000, 16500 Supports – 14500, 4150, 14000, 13500

NIFTY: Weekly Close: 4430.70 (98.80) Resis – 4575, 4650, 4700, 4800, 4910 Supports – 4375, 4240, 4200, 4110, 4050

Nifty will find support at 4350-4200 levels where short covering will occur. We advise to go long here for Tgt 4650-4800 this week with SL 4200 on closing basis. Hot Sectors for the week: Steel & Power.

Sensex Range for This Week: 14150-15800 above which it will touch 16000 Below Tgt 13500; Resis at 15300 closing.

LAST WEEK PROFITS: SAIL 11 %; CENTURY -2.1%; STR TECH -Fut. Rs. -3150.00, PNB -Fut. Rs. 16200.00; TATASTL (Opt) Rs. 9168.00

TRADER’S PICK THIS WEEK: TATA STEEL, PNB (Sell), CENTURY, TCS, STER, ALOK TEXT, HINDALCO, JSTAINLESS, RENUKA etc.

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

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
SAIL (143.50)	Must Buy At 137-141	149	152-155	Bel 134	Steel stocks hv shown strength in volatile Mkt.
CENTURY TEX (497.5)	Buy C/F At 490-495	519	525-530	Bel 480	Just Buy C/F at every dip, oversold on charts.
Derivative- Future (Strategy for the week)
STR TECH (182.20)	Grab At 178-182	190	192-195	Bel 175	Max Profits: Rs. Unlimited	Time to go long for Tgt 220 soon
………… (……..)	……………	Hedging Positions			Max Loss: Rs. 3150
PNB (467.75)	Must Sell At 467-477	450	445-440	Abv 485	Max Profits: Rs. 12000++	Weakness seen, sell at every rise.
……….. (…………..)	………………….	Hedging Positions			Max Loss: Rs. 4800
Derivative- Option
TATASTL CA620 (24.0)	Must Buy At 18-23	Options Trading strategy with Very High Bullish Sentiment.			Max Profits: Rs. 12000++	Good strategy for traders this week.
TATASTL CA660 (11.7)	Sell 2Lot With CA 620				Max Loss: Rs. 2000

Weekly News Letter (Dated 18^th August 2008 – 22^nd August 2008) Performance Report: Approx Profit: Rs.40348

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
SAIL	Buy At 137	152	15	1350	Profit Rs. 20250.00
CENTURY TEX	Buy At 490	480	-10	212	Loss Rs. 2120.00
STR TECH (Fut.)	Buy At 178	175	-3	1050	Loss Rs. 3150.00
PNB (Fut.) / OPT	Sell At 467	440	27	600	Profit Rs. 16200.00
TATASTL(OptionStrategy)	Buy-Sell 10 / 10	18 / 2	8+ (8*2) = 16+8=24	382	Profit Rs. 9168.00

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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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