Daily News Letter Dated 22nd 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: 22 March 2012

NIFTY:

Last Close: 5364.95 (Up 90.10)

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

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

SENSEX:

Last Close: 17601.71 (Up 285.53)

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

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

As expected Nifty has given a bounce back. Nifty will find hurdle at 5450—5500 and any close above will open for 5630. Intra-day traders should book profits at rise or sell around 5420—5440 for downside in last minutes of trades.

Hot Sectors for Today: IT & Pharma.

BTST/ STBT in last trade (Fut.):

Relinfra (Sell– 624; Book Partial At 619 Same Day)

Tatasteel (Sell– 466; SL- 472; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
ROLTA (96.05)	Must buy At 96—94	98	99—100	92	Good pick among mid-cap IT stocks, buy at dips
BIOCON  (243.35)	Buy At  243—238	248	250—252	235	One of the best stock for short term,, buy & hold
Derivative- Future (Strategy for today)
HINDALCO (138.40)	Must Buy At 138--135	141	143—145+	Bel 133	Max Profits: Unlimited	Stock can bounce back if market holds gain.
HINDAL  PE 140 (5.10)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
RELCAPITAL (422.50)	Sell At  424—432	415	411—407	Abv 440	Max Profits: Unlimited	Adag stocks can show profit booking today.
RELCAP CE 420 (14.05)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IDFC  PE 140 (2.05)	Must Buy At 1.9—1.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade & hold for 4—6 days for gain.
IDFC  CE 150 (1.85)	Buy 1 Lot with PE 140
					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 (21st March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 4840.00Approx.