Daily News Letter Dated 12th March 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: 12 March 2012

NIFTY:

Last Close: 5333.55 (Up 113.10)

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

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

SENSEX:

Last Close: 17503.24 (Up 357.72)

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

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

Market will show good opening toward 5400+ but mid session can soil the bulls party & we can see some profit booking.

Trader should remain light ahead of budget & trade with hedging with options. Nifty has support at 5200.

Hot Sectors for Today: Bank & Textile

BTST/ STBT in last trade (Fut.):

Icicibank (Sell– 917; Exit Same Day At 918)

Relinfra (Sell– 648; Book Partial At 643 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
UCOBANK (82.50)	Must buy At 82—80	84	85—86	78.50	All banking stocks will be on fire in 1st half trade
EDUCOMP (200.55)	Buy At  200—196	204	207—210	192	A good budget pick, one can go long for this wk.
Derivative- Future (Strategy for today)
DLF (206.70)	Must Buy At 206—201	211	213.5—216	Bel 197	Max Profits: Unlimited	Sharp rally can be seen buy at opening bell.
DLF PE 200(10.30)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
STER (115.20)	Buy At  115—112	117	118—119	Bel 110	Max Profits: Unlimited	Looking oversold on chart for technical rise.
STER PE 110 (3.05)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN CE  2300 (80.05)	Must Buy At Opening	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade in bulk for 2-4 days for gains.
SBIN  PE  2100 (40.00)	Sell 2 Lot with CE 2300
					Max Loss: Rs. 10000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	…………………………………………

Last Trade (9^th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 13550.00Approx.