Daily News Letter Dated 23rd 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: 23 March 2012

NIFTY:

Last Close: 5228.45 (Down 136.50)

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

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

SENSEX:

Last Close: 17196.47 (Down 405.24)

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

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

Nifty will find support around 5150 & 5100 levels below which it can open for 4950 easily. Next few days will be volatile due to rollover. One should buy at dip today for technical bounce back toward 5280—5300, but keep hedging.

Hot Sectors for Today: Oil-Gas & IT.

BTST/ STBT in last trade (Fut.):

Reliance (Buy– 746; SL- 735; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BPCL (675.10)	Must buy At 673—660	690	696—702	650	All oil stocks will be showing bounce from dip
PETRONET (161.55)	Buy At  161—158	164	165.5—167	157	Low risk pick for intra-day traders, Tgt 165+.
Derivative- Future (Strategy for today)
HCLTECH (478.75)	Must Buy At 475--467	485	490—495+	Bel 462	Max Profits: Unlimited	High risk trade for 1-2 days, keep hedging.
HCLTEC PE 480 (10.95)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 5000
SBIN (2155.30)	Buy At  2130—2090	2180	2200—2225	Bel 2050	Max Profits: Unlimited	One should trade at dip with hedging.
SBIN PE 2150 (14.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
RELCAP  CE 400 (6.00)	Must Buy At 5—2	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Buy & hold in bulk for 2—5 day for good gain
RELCAP  PE 380 (7.75)	Buy 1 Lot with CE 400
					Max Loss: Rs. 3000
Investment Pick (Long Term)
EDUCOMP (532696)(197)	Must Buy At 195—180	250	280—350	One should accumulate at dips for long term gain.

Last Trade (22nd March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 103300.00Approx.