Daily News Letter Dated 20th 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: 20 March 2012

NIFTY:

Last Close: 5257.05 (Down 60.85)

Resistance Levels: 5450, 5540, 5650, 5800, 5900

Support Levels: 5250, 5150, 5050, 4950, 4800

SENSEX:

Last Close: 17273.37 (Down 192.83)

Resistance Levels: 18000, 18300, 18650, 19100, 19500

Support Levels: 17200, 16850, 16500, 16100, 15500

Nifty will find a bottom either today or in next 24—48 hrs. and a technical bounce can be seen. Nifty has good support at 5200—5150 below which further panic toward 5050—5000 can be seen. Intra-day traders should be stock specific with tight stop loss for gain.

Hot Sectors for Today: Oil-Gas & Bank.

BTST/ STBT in last trade (Fut.):

Relinfra (Buy– 596; Book Partial At 601 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RPOWER (125.50)	Must buy At 125—122	128	129.5—131	120	All Adag group stocks can show a bounce back.
GAIL  (362.00)	Buy At  362—356	368	371—374	350	Low risk stock for short term traders, Tgt 380.
Derivative- Future (Strategy for today)
HINDPETRO (290.50)	Must Buy At 290--285	295	297—299+	Bel 280	Max Profits: Unlimited	We are long in Oil-Gas stocks for next 1 week.
HINDP PE 290 (10.00)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 5000
ITC (221.75)	Sell At  222—226	218	216—214	Abv 228	Max Profits: Unlimited	Profit booking can be seen from higher levels.
ITC CE 220 (4.85)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN  CE 2200 (41.00)	Must Buy At 40—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should buy & hold for 1—3 days for gain.
SBIN  CE 2300 (15.65)	Sell 2 Lot with CE 2200
					Max Loss: Rs. 5000
Investment Pick (Long Term)
EDUCOMP (532696)(197)	Must Buy At 195—180	250	280—350	One should accumulate at dips for long term good gain.

Last Trade (15^th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 165150.00Approx.