Daily News Letter Dated 1st February 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: 1 February 2012

NIFTY:

Last Close: 5199.25 (Up 111.95)

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

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

SENSEX:

Last Close: 16863.30 (Up 330.25)

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.

Today Nifty can show gap up opening but it will show selling pressure from mid-session till end. One should sell around 5220—5250 & hold for next few days for good gain. We are alerting to avoid any long & sell on every rise for good gain in next few days/ week.

Hot Sectors for Today: Metal & R-Group

BTST/ STBT in last trade (Fut.):

Idfc (Sell– 131;; SL Hit Same day At 132.50)

Tatamotors (Sell– 242; SL- No SL; Tgt Later)

Tatamotors CE 250 (Buy– 8; SL- No SL; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ONGC (275.85)	Must Buy At 275—269	281	284—287	265	One can buy at any dip today for good upside.
ANDHRABANK  (102.0)	Buy At 102—100	104	105—106+	98.5	High risk high gain scrip for intra-day traders.
Derivative- Future (Strategy for today)
ICICIBANK (909.05)	Must Sell At 910—930	890	882—874	Abv 940	Max Profits: Unlimited	Overbought on chart, expect a good fall.
ICICI CE 920 (30.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 2500
HINDALCO  (149.45)	Sell At 149.50—153	146.50	145—143	Abv 155	Max Profits: Unlimited	One can sell at rise for  short term Tgt 140-135.
HINDAL CE 150 (7.35)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
IDFC PE 130 (8.35)	Must Buy At 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk with spot SL 138 for 5—7 days.
IDFC CE140 (3.50)	Sell 2 Lot with PE 130
					Max Loss: Rs. 14000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (30^th Jan 2012) Performance in all kind of equity segment calls: Maximum Profit/Loss: Rs. -15275  Approx.