Daily News Letter Dated 23rd 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: 23 February 2012

NIFTY:

Last Close: 5505.35 (Down 101.80)

Resistance Levels: 5650, 5800, 5900, 6050, 6200

Support Levels: 5450, 5320, 5200, 5050, 4950

SENSEX:

Last Close: 18145.25 (Down 283.36)

Resistance Levels: 18650, 19100, 19500, 20000, 20500

Support Levels: 18000, 17500, 17100, 16600, 16300

The bears has given a jerk to the market & can continue it’s downward journey toward 5450—5400 & below. One should hedge with their positions or keep tight stop loss for short term gains. We remain cautious for next 3-6 months as something bad expected very soon.

Hot Sectors for Today: Infra & Oil-Gas.

BTST/ STBT in last trade (Fut.):

Infy (Sell– 2987;  Book Partial  At 2965 Same day)

Tcs (Sell– 1258; Book Partial  At 1250 Same day)

Chamblfert (Buy– 86.25; Book Partial  At 87.40 Same day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHARTIARTL (346.95)	Must buy At 346--340	352	355—358	337	Take a risk to buy at dip for bounce toward 360.
GSPL (75.90)	Buy At  75.50—74	77	78—79	73	Low risk stock for short term traders, keep SL.
Derivative- Future (Strategy for today)
HINDPETRO (287.60)	Must Buy At 287—283	292	294—296	Bel 280	Max Profits: Unlimited	All Oil marketing stock are looking hot for run.
HINDP PE 280 (0.55)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 3000
LT (1425.45)	Sell At 1430—1460	1400	1385—1370	Abv 1470	Max Profits: Unlimited	Sharp selling can be seen from higher levels.
LT CE 1450 (7.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 2500
Derivative- Option Strategy
SBIN CE 2250 (35.80)	Must Buy At 35—25	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	High risk-high gain pick for expiry day, watchout.
SBIN CE 2300 (14.95)	Sell 1 Lot with CE 2250
					Max Loss: Rs. 2500
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (22nd Feb 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. -7350.00 Approx.