Daily News Letter Dated 2nd 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: 2 February 2012

NIFTY:

Last Close: 5235.70 (Up 36.45)

Resistance Levels: 5250 , 5300, 5400, 5500, 5650

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

SENSEX:

Last Close: 17300.58 (Up 107.03)

Resistance Levels: 17350, 17500, 17850, 18300

Support Levels: 16850, 16350, 15850, 15500

Anytime panic selling can arise which will last for 1-2 weeks. Nifty has very good resistance at 5250 closing basis. One can take position accordingly & we can see slide up to 5050—4950 in coming days.

Hot Sectors for Today: Bank & Oil-Gas.

BTST/ STBT in last trade (Fut.):

Axisbank (avg) (Sell– 1070; SL- 1085; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IOC (271.45)	Must Buy At 271—266	276	278.5—281	263	One can buy at any dip today for good upside.
IDEA  (93.45)	Sell At 93.50—95.50	91.5	90.5—89.5	96.50	Some bad news expected for telecom sector soon.
Derivative- Future (Strategy for today)
RELIANCE (836.90)	Must Buy At 835—820	850	858—865+	Bel 810	Max Profits: Unlimited	Short covering can be seen, but keep hedging.
RELIAN PE 820 (18.35)	Buy when you Buy Fut.	Hedging Position
					Max Loss: Rs 2500
IDFC  (138.90)	Sell At 139—142.50	136	134.5—133	Abv 145	Max Profits: Unlimited	Anytime panic can be seen, soon Tgt 125-120.
IDFC CE 140 (6.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
TATASTL PE 460 (16.4)	Must Buy At 15—10	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade & hold for 4-7 days 4 good gain.
TATASTL CE 500 (11.7)	Sell 2 Lot with PE 460
					Max Loss: Rs. 10000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (30^th Jan 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 79675.00Approx.