Daily News Letter Dated 21st 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: 21 March 2012

NIFTY:

Last Close: 5274.85 (Up 17.80)

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

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

SENSEX:

Last Close: 17316.18 (Up 42.81)

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

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

Market can show an upside in 1^st half session but any rise toward 5310—5330 will be a selling opportunity. Nifty has good resistance at 5380 & support at 5220 for next trend. Market can show bottom in next 1—2 days for short term bounce back toward 5400—5500 levels.

Hot Sectors for Today: Auto & Oil-Gas.

BTST/ STBT in last trade (Fut.):

Syndibank (Buy– 112; Book Partial At 113 Same Day)

Tatasteel (Sell– 454; SL- 460; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IOC (270.00)	Must buy At 270—265	275	277—279	262	Anytime big explosion can be seen toward 285+
ICICIBANK  (907.55)	Sell At  910—930	885	875—865	940	Selling pressure will be seen from higher levels.
Derivative- Future (Strategy for today)
TATAMOTORS (273.15)	Must Buy At 272--267	278	280.5—283+	Bel 265	Max Profits: Unlimited	Looking oversold for technical bounce back.
TATAM PE 270 (5.10)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
HEXAWARE (119.70)	Sell At  120.50—123.50	117	116—115	Abv 125	Max Profits: Unlimited	One can take a risk to sell at rise for downside
HEXAW CE 125 (1.90)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 6000
Derivative- Option Strategy
ITC  PE 220 (2.20)	Must Buy At 2.0—1.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade & hold for 2—4 days for gain.
ITC  CE 230 (1.70)	Sell 1 Lot with PE 220
					Max Loss: Rs. 4000
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 (20^th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 119450.00Approx.