Daily News Letter Dated 7th 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: 7 February 2012

NIFTY:

Last Close: 5361.65 (Up 35.80)

Resistance Levels: 5400, 5450, 5500, 5650, 5800

Support Levels: 5200, 5050, 4950, 4820, 4700

SENSEX:

Last Close: 10707.31 (Up 102.35)

Resistance Levels: 18000, 18300, 18700, 19000

Support Levels: 16300, 16850, 16350, 15850, 15500

Nifty is near its top and we advice caution at rise. One can trade with hedging for short term gain. Nifty has hurdle at 5400—5450 & support at 5320—5300 for intra-day traders, One should avoid long.

Hot Sectors for Today: Metals & Fmcg.

BTST/ STBT in last trade (Fut.):

LT (Sell– 1385; Book Partial At 1075 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
JSWSTEEL (749.95)	Must Sell At 750—765	735	728—720	780	Trade with the market trend, keep tight stop loss
ITC (202.35)	Buy At  202—198	206	208—210++	195	Keep an eye on Fmcg stocks, we expect upside.
Derivative- Future (Strategy for today)
HINDALCO (156.00)	Must sell At 156—159	153	151.5—150	Abv 161	Max Profits: Unlimited	Metals can show profit booking from any rise.
HINDAL CE 160 (5.95)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs 4000
SBIN   (2141.00)	Sell At 2150—2190	2110	2090—2070	Abv 2220	Max Profits: Unlimited	One can sell Fut. at rise with hedge of CE2200.
SBIN CE 2200 (59.00)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 3750
Derivative- Option Strategy
LT PE 1350  (36.00)	Must Buy At 35—27	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade & hold for 4-7 days 4 good gain.
LT CE 1500 (15.00)	Sell 2 Lot with PE 1350
					Max Loss: Rs. 7500
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	……………………

Last Trade (6th Feb 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 97300.00Approx.