Daily News Letter Dated 24th 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: 24 February 2012

NIFTY:

Last Close: 5483.30 (Down 22.05)

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

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

SENSEX:

Last Close: 18078.50 (Down 66.75)

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

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

Nifty expected to show 5350—5250 in coming days. One should sell on any rise with Nifty stop loss 5650 for short term downward trend. We remain cautious in any long position for next few months, but scrip based upside cannot be ruled out.

Hot Sectors for Today: Bank & IT.

BTST/ STBT in last trade (Fut.):

Educomp (Buy– 223; Book Partial  At 225 Same day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDEA (92.25)	Must buy At 92--90	94	95—96	89	High risk-high gain scrip for intra-day traders.
ORCHIDCHEM (181.2)	Buy At  180—176	184	186—188	174	Some good news expected very soon, but keep sl.
Derivative- Future (Strategy for today)
TATAMOTOR (270.10)	Must Buy At 270—265	275	277—279	Bel 262	Max Profits: Unlimited	Stock is holding high in volatile market, watch.
TATAMO PE260 (10.30)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 6000
BHEL (309.50)	Sell At 310—316	304	301—298	Abv 320	Max Profits: Unlimited	Further panic can be seen, trade with SL.
BHEL CE 320 (22.25)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
IDFC PE 140 (5.55)	Must Buy At 5—3.50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade in bulk for short term gains.
IDFC CE 160 (4.50)	Sell 1 Lot with PE 140
					Max Loss: Unlimited
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (23rd Feb 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 107300.00Approx.