Daily News Letter Dated 29th 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: 29 February 2012

NIFTY:

Last Close: 5375.50 (Up 94.30)

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

Support Levels: 5200, 5050, 5000, 4910, 4800

SENSEX:

Last Close: 17731.12 (Up 285.37)

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

Support Levels: 17100, 16600, 16300,  16000, 15650

Market will see high volatility again today & Nifty will face hurdle at 5480. One should trade according to trend & small stop loss to avoid any major risks. Global trend & news will drive our market for next  few weeks.

Hot Sectors for Today: R-Group & IT.

BTST/ STBT in last trade (Fut.):

Dlf (Buy– 228; SL-225; Tgt-231, Tgt-233)

Canbk (Sell– 520; SL-526; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RCOM (93.15)	Must buy At 93—91	95	96—97	90	Adag stocks are looking hot & fiery, buy at dips.
DISHTV (54.85)	Buy At  54.5—53.50	55.50	56—56.50	52.5	Stock is oversold on chart, expect a pullback.
Derivative- Future (Strategy for today)
EDUCOMP (212.00)	Must Buy At 212—208	216	218—220	Bel 204	Max Profits: Unlimited	Time to go long at every dip for good gain.
EDUCOM PE 210 (15.3)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
HDIL (114.20)	Sell At 114—117	111	110—108	Abv 120	Max Profits: Unlimited	Some bad news can be heard in street anytime
HDIL CE 120 (9.05)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
INFY PE 2900 (87.75)	Must Buy At 85—70	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade in bulk for 3-7 days for gains.
INFY CE 3100 (31.75)	Sell 2 Lots with PE 2900
					Max Loss: Rs. 7500
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (28th Feb 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 50950.00Approx.