Daily News Letter Dated 3rd 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: 3 February 2012

NIFTY:

Last Close: 5269.90 (Up 34.20)

Resistance Levels: 5300, 5400, 5500, 5650, 5800

Support Levels: 5150, 5050, 4950, 4820, 4700

SENSEX:

Last Close: 17431.85 (Up 131.27)

Resistance Levels: 17500, 17850, 18200, 18700

Support Levels: 17100, 16850, 16350, 15850,

Today’s high will be crucial for next few days and this will act as a major hurdle closing basis. Nifty has next resistance at 5400 & support at 5200. We can see panic selling in mid-session or end of session.

Hot Sectors for Today: Infra & Pharma.

BTST/ STBT in last trade (Fut.):

Tatasteel (Sell– 480; Book 50% At 471 Same Day)

Relcapital (Sell– 373; Book Partial At 368 Same Day)

Hindalco (Sell– 158.70; Book Partial At 157 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
IFCI (30.50)	Must Sell At 30.50-31.25	29.8	29.4—29		32	One can buy at any dip today for good upside.
RANBAXY (460.10)	Buy At 460—451	469	473—478		445	Some bad news expected for telecom sector soon.
Derivative- Future (Strategy for today)
BHARTIARTL (387.80)	Must Sell At 389—397	381	377—374		Abv 401	Max Profits: Unlimited	Short covering can be seen, but keep hedging.
BHARTI CE400 (11.55)	Buy when you Sell Fut.	Hedging Position
						Max Loss: Rs 4000
TATASTEEL  (473.80)	Sell At 474—482	467	463—458		Abv 490	Max Profits: Unlimited	Anytime panic can be seen, soon Tgt 125-120.
TATAST CE480 (19.50)	Buy when you sell Fut.	Hedging Position
						Max Loss: Rs. 4000
Derivative- Option Strategy
HINDALC  PE 150 (4.8)	Must Buy At 4.5—3	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	One should trade & hold for 4-7 days 4 good gain.
HINDALC CE 170 (3.6)	Sell 2 Lot with PE 150
						Max Loss: Rs. 14000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..		…………..	……………………

Last Trade (2^nd Feb 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 163675.00Approx.