Intra Day review for 16th May 2007

!!!Om Shree Sadguru Dev Namah!!!!!!!!!!
!!!Om Shree Parsvantha Bhagwan Namah!!!!
!!!Om Shree Mahalaxmi Maat Ki Jai!!!

This publication has been prepared solely for information purpose and does not constitute an offer or a solicitation to any person to buy or sell a security. While the information contained therein has been obtained from sources believed to be reliable, investors are advised to satisfy themselves before making any investments. I do not bear any responsibility for the authentication of the information contained in the post & consequently,are not liable for any decisions taken based on the same. Further, My reports only provide information updates and analysis.
---------------------------------------------------------------------------------------------------------------------------------

Visit: http://trade-profit.blogspot.com/

E-Mail: Trade.profit@gmail.com and trade.profits@yahoo.co.in

NIFTY: Prev, Close: 4120.30 Resistance@ 4155 - 4160, 4185 - 4190 and Supports @ 4110, 4100, 4090, 4070 and 4050. Minor Term Bullish Trend

Market Outlook: Market is expected to open with positive bias nifty move above 4140 Will face resistance @ 4155 – 4160 and @ 4180, Market is expected to remain volatile. Bears will try to set panic again before 17^th May (their Favourite Day), But bulls are all warm up to change the game.

fut	Cash (100)	SCRIPTS (CMP)	TRADING LEVEL	TGT 1	TGT 2 – TGT3	SL BELOW
460-443=17*550= 9350	466 – 445=21*100= 2100	RAJESH EXPO - (442.80)	Buy CASH/FUT At 442 -448	460	469-478	430
548-562= 14*600= 8400	558-545=13*100= 1300	PNB – (546.85)	Buy CASH / FUT AT 545 – 549	555	563	540
Holding	Holding	MPHASIS BFL – (317.05)	Buy CASH / FUT AT 315 – 320	325	333	306
457-443=14*500 =7000	443-440= 13*100 =1300	PANTALOON RET – (439.35)	Buy CASH / FUT AT 438 – 442	452	465	434
448.5-445=3.5*450=	444-442=2*100=200	ROLTA – (440.60) – consider clos @ day	Buy CASH / FUT AT 441 – 444	454	468	432
Call didn’t triggered	Call didn’t triggered	INDIA INFO – (448.65)	Buy CASH / FUT AT 448 – 452	460	471	442

Positional Calls (2-3 Days)

SCRIPTS (CMP)	TRADING LEVEL	TGT	SL BELOW
ADLABS – (504.35) = 535-505=30*450=13500 cash = 531-500=31*100=3100	Buy CASH/FUT	534+	494
BANK OF BARODA – (274.50)	Buy CASH / FUT	291+	268
CESC – (373.05) – ABOVE 377	Buy CASH / FUT AT 377 – 380	395+	374
MOSERBAER – (402.65)	Buy CASH / FUT AT 401 – 407	426+	394
TATA STEEL – (592.25)	Buy CASH / FUT AT 290 – 293	627+	585

PROFIT Rs. 38,700=00 ( Daily News Letter Only - Futures)

PROFIT Rs. 8,000=00 ( Daily News Letter Only - Cash Trading Qty = 100)

PROFIT Rs. 35,600=00 ( Yahoo Messenger Only - Futures)

PROFIT Rs. 5,000=00 ( Yahoo Messenger Only - Cash Trading Qty = 100)

Call Closed

Call Opened / Holding

Call didn’t Triggered

Calls Given on Yahoo Messenger

Profit Trade (16/05/2007 9:38:48 AM): wait till 10.10 to buy anything

Profit Trade (16/05/2007 9:56:22 AM): if there is any panic in IT sector due to H1B visa it should be @ declines in later half

Profit Trade (16/05/2007 9:56:52 AM): above 4140 buy should get trigeered

Profit Trade (16/05/2007 9:59:16 AM): Bank nifty TGT achieved call was given on 5624

Profit Trade (16/05/2007 10:09:58 AM): Renuka 542 Buy more and avg( If holding) or else u can buy @ cmp

Profit Trade (16/05/2007 10:10:10 AM): Sl for Renuka 535 cash

Profit Trade (16/05/2007 10:14:29 AM): unitech 481 Buy cash/fut sl below 477 TGT 498+

Profit Trade (16/05/2007 10:24:03 AM): Daily News Letter Correction Mphasis BFl (317.05) Buy Cash/Fut 315 - 320 TGT 324.80 - 333

Profit Trade (16/05/2007 10:27:27 AM): Titan moving towards my TGT of 1140+ ...

Profit Trade (16/05/2007 10:51:07 AM): sterlite 579 Buy cash/fut Sl below 574 TGT 588 - 594+

Profit Trade (16/05/2007 11:18:26 AM): unitech second TGT 509+

Profit Trade (16/05/2007 11:44:28 AM): Unitech 1st TGT achieved our client made profit of Rs. 17 (498- 481) * 450=7,650/-

Profit Trade (16/05/2007 11:52:36 AM): Prajind 502 Buy Cash/Fut SL below 498 TGT 524+ (2-3 Days)

Profit Trade (16/05/2007 11:57:32 AM): sterlite sl hit i will recommend to hold

Profit Trade (16/05/2007 12:22:21 PM): Sterlite 567 looking very good for avg

Profit Trade (16/05/2007 1:59:01 PM): nifty is expected to close above 4150 – view was given when nifty spot was @ 4132 and nifty fut was @ 4139

Profit Trade (16/05/2007 1:59:25 PM): 4150 - 4160 range it may go above that also – nifty closed @ 4170.95 (spot)

Profit Trade (16/05/2007 2:04:33 PM): BTST: Gmr Infra 448 SL below 443 TGT 462 – TGT achieved and made high of Rs, 470 i.e profit of Rs. 22 = 22*100 =2,200/- and in futures @ 448 cash levels it was trading @ 450 and made high of Rs. 473 = Rs. 23 Profit and Lot size 1000 = 23*1000 =23,000

Profit Trade (16/05/2007 2:07:46 PM): Unitech who holding all tgt achieved – Call was given in morning @ 481 (cash) 484 (fut) TGTS of Rs. 509 (cash) and Rs. 512 (fut) achieved, Profit = 28*100=2800(Cash) and 28*450=12600 (Fut) and it made high of Rs. 552(fut) = 71*450 = 31,950,

Profit Trade (16/05/2007 2:15:07 PM): BTST: HCC (100.25) TGT 103.50

Profit Trade (16/05/2007 2:22:20 PM): BTST: Bharti (843) TGT 856+

Profit Trade (16/05/2007 2:59:40 PM): who ever holding ster take it as BTST

Profit Trade (16/05/2007 3:06:35 PM): BTST: GMR Infra given for BTST TGT achieved Upgrade in TGT of BTST 482+

Profit Trade (16/05/2007 3:08:58 PM): nifty ????? guys 4217 coming tomm????

Profit Trade (16/05/2007 3:27:43 PM): BTST Reliance Capital (841) TGT 864

Good Luck,

Disclaimer : Trade -Profit 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, Trade-Profit 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. Trade-Profit 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. Trade-Profit 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.