Weekly News Letter— Dated 1st – 5th December 2008.. Gain from us...... Visit: http://stock.ibnservice.com/ OR http://nse-bse.blogspot.com/

~~OM~~

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

Weekly News Letter— Dated 1^st – 5^th December 2008

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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: 9092.72 (177.51) Resis – 9500, 10000, 10400, 10750 Supports – 8800, 8450, 8100, 7700, 7400

NIFTY: Weekly Close: 2755.10 (61.65) Resis – 2910, 3020, 3100, 3200, 3350 Supports – 2620, 2500, 2400, 2250, 2150

We expect the Mkt to show some recovery toward Nifty 2900-3000 levels but it will be a selling opportunity with SL 3200 for new low this month. Hot Sector for this week: Fertilizer & Power.

Sensex Range for This Week: 8000 -10000 above which it will touch 10300 Below Tgt 7400; Resis at 9700 closing.

LAST WEEK PROFITS: Praj Ind- 7.5%; Titan - -2.2%; Cairn - Fut. Rs. 2500.00; Axisbank -Fut. Rs. 9225.00; Nifty (Opt) Rs. 1250.00

TRADER’S PICK THIS WEEK: GSKPHARMA, IOC, PRAJ, ICICIBANK, CHAMBAL, EDUCOMP, HINDOIL, SAIL, DABUR, MTNL, GTL etc.

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

Scripts	Trading Levels	Tgt1	Tgt2	SL	Remarks
Hot - Cash/ Future Stocks for This Week
PRAJ IND (57.95)	Must Buy At 56-57.5	60	62.5-64	55	Highly over sold on charts, Stock can show 65.
TITAN (932.25)	Buy C/Fut. At 910-930	970	985-998	890	Looking bullish for sudden rise in Cash/Fut.
.Derivative- Future (Strategy for the week)
CAIRN (142.15)	Must Buy At 137-141	148	150-153	135	Max Profits: Unlimited	Crude prices can lift the stock to 157.
CAIRN CA 160 (5.0)	Sell When u Buy Fut.	Hedging Positions			Max Loss: Rs. 5000
AXISBANK (407.70)	Buy At 398-405	423	430-439	Bel 390	Max Profits: Rs. 10000+	Short covering is seen in banking stocks.
AXISBANK PA360 (22)	Sell When u Buy Fut.	Hedging Positions			Max Loss: Rs. 2500
Derivative- Option
NIFTY CE 2800 (157.7)	Must buy at 125—150	Options Trading strategy with View of Pullback this week			Max Profits: Rs. 7000+	Nifty can rise up to 2950-3000 levels.
NIFTY CE 3200 (42.25)	Sell 2lots with CE2800				Max Loss: Rs. 3000

Weekly News Letter (Dated 1st December 2008 – 5^th December 2008) Performance Report: Approx Profit / Loss: Rs. 13255.00

SCRIPT	REC PRICE	TGT	PROFIT/ LOSS	UNIT	NET PROFIT/ LOSS (Rs.)
PRAJ IND	Buy At 56	60	4	1100	Profit Rs. 4400.00
TITAN	Buy At 910	890	-20	206	Loss Rs. 4120.00
CAIRN (Fut./OPT)	Buy At 137 / 6	135 / 2	2	1250	Profit Rs. 2500.00
AXISBANK (Fut./Opt)	Buy At 398 / 0	439 / 0	41	225	Profit Rs. 9225.00
NIFTY (Option Strategy)	Buy-Sell 125 / 20	150 / 20	25	50	Profit Rs. 1250.00

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