TRADING LEVELS FOR 17th May 2007

[tryme me]

All the trendlines in the major indices remain highly bullish, and momentum is clearly on the upside at this point. We do not see the market cooling down until the Nifty touches all time high.

Only Refinery stocks in futures for few trading sessions ů!!! Recent news : Opec sees ample crude stocks, rebuffs calls to up supply.

Kind Attn : Future Traders & Day Traders : Day before yesterday only we recommended HPCL at 290 ů it exploded to 304 ů Now it is the turn of IOC ů Yes only Refinery stocks in futures for few trading sessions ů!!! Remember Crude prices are cooling off ů Rupee is going very strong ů All this is going to boost the profit numbers of this company ů Already declared mind boggling results for Q3 2006-07 ů A net profit of Rs. 1059 crores vs a loss of Rs. 6.48 crores compared to Q3 2005-06 ů!!! Grab 10, 25 to 100 lots of Indian Oil Corporation Limited at the opening bell ů Expect unbelievable Q4 2007 Results + See the fundamentals and you will say going damn cheap ľ cheap at current levels ů The speciality of Valuerupee.com is that all our recommended stocks catch fire on the day of our recommendation ů Yes our non stop target Rs. 510, Rs. 538 ů Stock shall cross the Rs. 550 mark in coming days ů Just close your eyes and Grab May futures ů.!!! Do not miss ů !!!

INDIAN OIL Lot size : 600 shares Last close : Rs. 493 (May Futures) was formed in 1964 through the merger of Indian Oil Company Ltd. (Estd. 1959) and Indian Refineries Ltd. (Estd. 1958). It is India 's largest company by sales. Indian Oil is also the highest ranked Indian company in the prestigious Fortune ĹGlobal 500' listing. It is also the 21st largest petroleum company in the world and the # 1 petroleum trading company among the National Oil Companies in the Asia-Pacific region. Indian Oil and its subsidiaries account for 47% petroleum products market share among public sector oil companies, 41% national refining capacity and 74% petroleum products pipeline capacity. For the year 2005-06, the Indian Oil group sold 54.6 million tonnes of petroleum products, including 2.09 million tonnes through exports. The Indian Oil Group of companies owns and operates 10 of India 's 18 refineries with a combined refining capacity of 54.20 million tonnes per annum (1.1 million barrels per day). In exploration & production (E&P), Indian Oil has bagged nine blocks in the first three rounds of bids under NELP (New Exploration Licensing Policy) in India , in consortium with other companies. In natural gas business, Indian Oil is already marketing 1.43 million tonnes of gas per annum. Indian Oil ( Mauritius ) Ltd. has also garnered a 14% market share. To emerge as a transnational energy major, Indian Oil has set up subsidiaries in Sri Lanka , Mauritius and UAE and is simultaneously scouting new opportunities in energy markets in Asia and Africa . We very very strongly recommend this stock as a screaming buy at the opening bell today ů Yes lot of positives for the company ů Technically, looking highly explosive at current levels ů Yes technicals + following facts say so ů!!! First, on an equity base of Rs. 1168 crores the company declared a net profit of Rs. 4915.1 crores for the year ended March 2006 ů This is more than 4 times that of the entire equity ů Inspite of crude prices climbing sky high during that period ů Simply amazing ů!!! Second, the company declared a dividend of 125 % for the year ended March 2006 ů and is sitting on an unbelievably huge reserves of Rs. 28,134.66 crores ůYes more than 25 times that of the entire equity ů After all IOC is our national pride ů!!! Third, the company declared an EPS of 42.08 for the year 2005-06 and it would be worth mentioning that just because the company changed the method of crude oil valuation for 2005-06 from FIFO to Weighted average, the profit numbers were lower by Rs. 84 crores ů!!! Anyway the declared results have been just fantastic ů!!! Fourth, Results of Q3 2006-07 have been amazing Yes a net profit of Rs. 1059 crores in Q3 2006-07 as compared to a net loss of Rs. 6.48 crores for Q3 2005-06 ů!!! This is simply amazing ů Already for the current year in nine months the company has clocked a net profit of Rs. 5889 crores vs a net profit of last whole year of Rs. 4915.1 crores ů.!!! This is irony of stock market or a joke but on 3 rd April 2006 at the end of last financial year the stock made an all time high of 622 ů The EPS at that time 42.08 for whole year 2005-06 ů Now in six months EPS already 50.45 ů. 100 % stock will explode heavily from here in coming days ů WE CAN BET ON IT ů!!! Fifth, there is very low floating stock of the company with Indian public ů Most analysts consider this as a very good sign for explosive price jumps for fundamentally good companies ů Yes 82 % with Govt and just 2.75 % with Indian public ů balance with funds, FIIs etc ů!!! Our strong buying rationale is based on following explosive reasoning + major positive announcements done recently ů!!! First, Crude prices after a long period of 2 years have topped out ů From $ 78 to $ 63 now in hardly few months ů.With a huge refining capacity on daily basis the profit margins of the company shall simply double in coming quarters ůWe expect an annualized EPS of atleast 70 for this company in the current financial year .. Already last 3 quarters had been amazing as far as results were concerned ů This quarter the crude prices have softened even further ů Even delivery based investors can catch this jackpot ů!!! Second, IOC has already begun crude oil derivatives trading at NCDEX ů!!! Third, Indian Oil Corporation (IOC) to diversify beyond its petroleum products business. It plans an entry into the Rs 7,000-crore pesticide market with its agro spray range. It is a new pest control concept and has been certified by some big organizations ů!!! Fourth, Merger of IBP Co with IOC has been approved few days back ů!!! Fifth, company has already declared recently an interim dividend of Rs. 6 per share ůGood sign indicating explosive results in coming days ů!!! 100 % from today onwards fund managers shall run after this stock ůTechnically stock has broken recent high yesterday and all indicators are looking positive ů Just grab it at the opening bell ů 25 to 100 to 500 lots ů Any quantity ů. Stock shall non stop rally to Rs. 516, 538 ů Soon stock will cross the Rs. 550 mark in coming days ůLow liquidity means can the stock jump by Rs. 25 today itself ů??? Let us see ůJust do not miss ů!!!

NALCO : Last close 253.55 We recommend an investment view of BUY. Investors can buy for the intermediate term with a stop at Rs.262. Short-term targets for this stock would be at Rs.269. Cross over could even take this to Rs.280 in coming days.

NAGARJUNA CONSTRUCTION: Last close 176.50 It's a good investment for investors with a short-term outlook. Stock has been consolidating at current levels. The stock has traded range-bound recently and now very much ready to give break out on charts. Grab and stay invested with stoploss of Rs.171 for an upper target of Rs.183, Cross over will take this to Rs.188. Short term target is Rs.200.

MAH.SEAMLESS : Last close 577.55 Any moment expect explosion[ BIG ONE]. Buy and stay inveted for maximum returns keeping stop loss of Rs.566 for an upper target of Rs.589, Rs.600.

HDFC : Last close 1712.60 Buy keeping stop loss of Rs.1675 for an upper target of Rs.1737, Rs.1760.

ESCORTS Lot Size : 2400 Last close : Rs. 128 Jackpot for day & future Traders ů ESCORTS ů Why Mr Anil Ambani Group is after the stock we do not know ů our reliable sources confirm huge buying of ESCORTS in futures by ??? (guess who)ů Reliance Mutual Fund holds 51.30 lakh shares ů ů Book value of Rs. 72 ů A sharp turnaround in the company's financials turning from huge loss to profit ů Grab 25 to 100 lots at the opening bell today ů Our non-stop targets Rs. 139 and Rs. 148 ů Thereafter sky is the limit ů 165, 187 & 200 ů!!! Major positive announcement made by the company in March end ů Darby's Second Asia Mezzanine Fund makes Investment in Escorts Construction Equipment ů Technically stock is ready to explode non-stop to Rs. 139 and Rs. 148 ů Thereafter sky is the limit ůYes we can see the price of Rs. 165, Rs. 187 and Rs. 200 ů We very strongly recommend you to grab this stock in futures at the opening bell today ů Yes May futures shall see all our price targets ů!!! Grab it at 09:55 am ů You shall be definitely rewarded handsomely ů!!!

NOTE : This commentary is not a recommendation to buy or sell. Use at your own risk.

Disclosures : At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

Disclaimer : Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.

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