Weekly News Letter- Dated 27th - 31st October 2008--Visit: http://stock.ibnservice.com/ or http://indiastock1.blogspot.com/

~~OM~~

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

Weekly News Letter— Dated 27^th – 31^st October 2008

Visit: http://stock.ibnservice.com/ or http://indiastock1.blogspot.com/

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Advice: Book profits in weekly at gain of 3-10% in stock (Cash/Fut.) & don’t take risk with your money.

SENSEX: Weekly Close: 8701.07 (1274.28) Resis – 9700, 10000, 10500, 11000 Supports – 8200, 8000, 7650, 7300, 7000

NIFTY: Weekly Close: 2584.00 (490.35) Resis – 2800, 3000, 3200, 3350 Supports – 2500, 2400, 2250, 2100, 2000

We will show further downside to 2250-2400 levels in beginning of the week but a sharp pull back can be seen from Wednesday till end. Buy at Dip to gain. Hot Sectors for the week: Oil.

Sensex Range for This Week: 8100 -10500 above which it will touch 11000 Below Tgt 7650; Resis at 10000 closing.

LAST WEEK PROFITS: VIJAYA BANK 14%; HUL 7%; SBIN -Fut. Rs. 13200.00; NIFTY -Fut. Rs. 16750.00; CHAMBAL (Opt) Rs. 15525.00

TRADER’S PICK THIS WEEK: Sell: SBI, HDFC, BOB, VIJ BANK; Buy: BPCL, CHAMBAL, ACC, MCDOWELL, UNITECH, SUZLON etc.

Result This Week: UNION BANK, SCI, SKUMARS, KSOILS, JETAIR, TATACOMM, TULIP, GITANJALI, SUN PHARMA, BOB, BATA, BH. FORGE, CORP BANK, CENTRAL BANK, ADLAB, ARVIND, KTK BANK, ALOK TEXT, BOM DYEING, BHUSHAN STEEL, TTML, MRPL, NAG CONS, SBI, GMR INFRA, TATA POWER, TATA TEA, BEML, M&M, DIVISLAB, CAIRN, ORCHID, MTNL, IOB, WELSPUN GUJ, SUZLON, IB REAL, SUN TV, TVS MOT, ABAN, BPCL, SOBHA, ANSAL, DABUR, BEML, JINDAL.

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

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Cash/ Future Stocks for This Week
VIJAYA BANK (28.95)	Must Sell At 28.9—30	27	26.5-26	Abv 31	The stock can sharply fall to 25-23 levels now.
HUL (224.90)	Sell At 224—230	215	212-209	236	Stock can show profit booking in Cash/Future.
.Derivative- Future (Strategy for the week)
SBIN-Nov (1159.90)	Must Sell At1159-1210	1110	1070-40	Abv 1250	Max Profits: Rs. Unlimited	The stock will do 900-700 soon
SBIN-Nov CA1320(60.0)	Buy When u Sell Fut.	Hedging Positions			Max Loss: Rs. 3000
NIFTY- Nov (2546.50)	Buy At 2420--2500	2650	2700-85	Bel 2350	Max Profits: Rs. 10000++	Nifty will bounce to 2700+ levels.
NIFTY CE 3000 (109.2)	Sell When U Buy Fut.	Hedging Positions			Max Loss: Rs. 3000
Derivative- Option
CHAMBAL CA 40 (2.8)	Must Buy At 2.2—1.8	Options Trading strategy with Expected pull back in the Mkt			Max Profits: Rs. 15000+++	F&O Expiry special trade bulk
CHAMBAL PA 35 (1.2)	Sell 2lots with CA 35				Max Loss: Rs. 7000

Weekly News Letter (Dated 27^th October 2008 – 31^st October 2008) Performance Report: Approx Profit / Loss: Rs. 73930.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
VIJAYA BANK	Sell At 28.9	25	3.9	3450	Profit Rs. 13455.00
HUL.	Sell At 205	190	15	1000	Profit Rs. 15000.00
SBIN Nov (Fut./ OPT)	Sell At 1100 / 0	1000 / 0	100	132	Profit Rs. 13200.00
NIFTY Nov(Fut./Opt)	Buy At2420/100	2785/ 130	365 -30= 335	50	Profit Rs. 16750.00
CHAMBAL(OptionStrategy)	Buy-Sell 2.5/ 0.3	6.5 / 0.5	4 + (0.25*2) = 4.5	3450	Profit Rs. 15525.00

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