Daily News Letter Dated 17th January 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Daily News Letter

Date: 17 January 2012

NIFTY: Last Close: 4873.90 (up 7.90)

Resistance Levels: 4900, 4950, 5050, 5125, 5200

Support Levels: 4800, 4700, 4620, 4550, 4350

SENSEX: Last Close: 16189.36 (up 34.74)

Resistance Levels: 16300, 16500, 16850, 17100, 17500

Support Levels: 15850, 15500, 15200, 15000, 14500

Sensex Range This Week: 15500 - 16500 above which it will touch 16850 & Below Tgt 15000; Resis at 16300 closing.

Market will show volatility & find support at 4820—4800 below which panic selling can be seen. One should buy at dip with stop loss 4800 for upside toward 4950 in coming days. Hot Sectors for Today: Oil-Gas & Auto.

BTST/ STBT in last trade (Fut.): KOTAKBANK (Buy– 463; SL- No SL; Tgt Later)

Hot in Street: Aban, Hindoilexp, Mcdowell, Apil, Hcltech, Abb, Educomp, Arvind, Sbin, Idfc, Ster, Ncc etc.

Results Today: Chamblfert, Hcltech, Tcs,  Zeenews, Camlin Limited, Tatacoffee Limited, Bluestar  etc.

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
GTOFFSHORE (92.30)	Must Buy At 92—90	94	95-96		88	Good pick among oil sector, buy at any dip.
JPASSOCIAT (60.2)	Buy At 60—58.5	61.5	62.25—63		57	We are long for short term upside toward 75+
Derivative- Future (Strategy for today)
BAJAJ-AUTO (1432.0)	Must Buy At 1430-1400	1460	1475-1490		Bel 1380	Max Profits: Unlimited	Keep an eye today & buy at any dip.
BAJAJ PE1400  (25.00)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs 5000
BANKBARODA (734.9)	Buy At 734—720	748	755--762		Bel 710	Max Profits: Unlimited	Banking stocks are looking hot & fiery.
………… (……)	Buy when you buy Fut.	Hedging Position
						Max Loss: Rs. 5000
Derivative- Option Strategy
DCB CE 40 (1.20)	Must Buy At 1.2—1	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 3--4 days for good profits.
DCB PE 37.5 (0.60)	Sell 2 Lot with CE 40
						Max Loss: Rs. 10000
Investment Pick (Long Term)
JP ASSOC (532532) (60)	Must Buy At 60—55	75		83—90+	One can buy in bulk for short term good upside to 90+.