Daily News Letter

Date: 30 January 2012

NIFTY:

Last Close: 5204.70 (Up 46.40)

Resistance Levels: 5230 , 5300, 5400, 5500, 5650

Support Levels: 5050, 4950, 4820, 4700, 4620

SENSEX:

Last Close: 17233.98 (Up 156.80)

Resistance Levels: 17300, 17500, 17850, 18300

Support Levels: 16850, 16350, 15850, 15500

Sensex Range This Week: 16500 - 17300 above which it will touch 17500 & Below Target 16150; Resistance at 17300 closing.

Market will show volatility at rise & stock specific selling pressure will be seen. Intra-day traders should trade with tight stop loss & avoid going long now. Nifty has support at 5150—5050 & Resistance at 5230—5300.

Hot Sectors for Today: Auto & Oil-Gas.

BTST/ STBT in last trade (Fut.):

DLF (Buy– 213.50; SL- No SL; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TVSMOTORS (53.60)	Must Buy At 53.5—52.5	54.5	55—55.5	51.5	Good pick among mid-cap auto sector, Tgt 60+.
ITC  (202.05)	Buy At 201—196	206	208—210	193	Intra-day bounce can be seen, trade with trend.
Derivative- Future (Strategy for today)
SBIN (2021.00)	Must Buy At 2015-1975	2060	2080—2100	Bel 1950	Max Profits: Unlimited	One should trade with hedging only.
SBIN PE 2000 (75.50)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 3125
BPCL  (578.00)	Buy At 576—565	588	594—600	Bel 558	Max Profits: Unlimited	All Oil-Gas stocks can show upside.
BPCL PE 560 (16.55)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 3500
Derivative- Option Strategy
BHARTI  PE 360 (8.75)	Must Buy At 8.50—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade & hold for 4-6 trading days.
BHARTI CE400 (6.35)	Buy 1 Lot with PE 380
					Max Loss: Rs. 6000
Investment Pick (Long Term)
ESCORTS(500495) (78)	Must Buy At 75—70	90	100—110	Buy in bulk for medium to long term rise of 50—70%.

Last Trade (27^th Jan 2012) Performance in all kind of equity segment calls: Maximum Profit/Loss: Rs. 31750.00  Approx.