Daily News Letter Dated 23rd 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: 23 January 2012

NIFTY:

Last Close: 5048.60 (Up 30.20)

Resistance Levels:  5080, 5140, 5230 , 5300, 5400

Support Levels: 4950, 4820, 4700, 4620, 4550

SENSEX:

Last Close: 16739.01 (Up 95.27)

Resistance Levels:  16850, 17100, 17500, 17750, 18000

Support Levels: 16350, 15850, 15500, 15200, 15000

Sensex Range This Week: 15850 - 17100 above which it will touch 17500 & Below Tgt 15500; Resis at 17100 closing.

Market will show high volatility for next 3 days due to F&O expiry. We advise to sell on rise toward 5080 with stoploss 5110 & hold to see mid-session profit booking.

Hot Sectors for Today: Sugar & Telecom.

BTST/ STBT in last trade (Fut.):

Arvind (avg) (Buy– 88.25; SL- No SL; Booked At 89.50 Same Day)

Idbi (Sell– 96.00; SL- No SL; Booked At 94.50 Same Day)

Hot in Street:

Bajajauto, Axisbank, Icicibank, Pnb, Bpcl, Bhel, Sbin, Wipro, Ntpc, Cipla, Dlf, Ongc etc.

Results Today:

Gail, Kotak Mahindra Bank, Lt, Ster, Idea, Dbcorp, Maruti, Shree Cement, etc.

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATACOMM (218.15)	Must Buy At 217—212	222	225—228	208	News based buying can be seen, buy at dips only.
BAJAJHIND  (30.30)	Buy At 30—29	31	31.50—32	28.50	Sugar stocks are looking hot & fiery for 2-3 days
Derivative- Future (Strategy for today)
CROMPGREAV (135.0)	Must Buy At 134—131	138	139.50—141	Bel 129	Max Profits: Unlimited	Intra-day rally can be seen, buy at dips.
CROMP PE 130 (1.65)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
BPCL (561.95)	Sell At 562—572	551	545—540	Abv 580	Max Profits: Unlimited	We can see profit booking after rise.
BPCL CE 560 (9.20)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY PE 5100 (64.00)	Must Buy At 60—45	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 2--3 days for good profits.
NIFTY CE5100  (23.65)	Buy 2 Lot with PE 5100
					Max Loss: Rs. 35000
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 (20^th Jan 2012) Performance in all kind of equity segment calls: Maximum Profit/Loss: Rs. 191950.00  Approx.