Daily News Letter Dated 29th 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: 29 March 2012

NIFTY:

Last Close: 5194.75 (Down 48.40)

Resistance Levels: 5330, 5450, 5540, 5650, 5800

Support Levels: 5150, 5050, 4950, 4800, 4650

SENSEX:

Last Close: 17121.62 (Down 135.74)

Resistance Levels: 17600, 18000, 18300, 18650, 19100

Support Levels: 16850, 16500, 16100, 15500, 1530

Nifty can show downside toward 5150 but it will be a buying opportunity at dip today. We see a good bounce in 1^st half session & high volatility in 2^nd half session due to F&O expiry. Nifty will find expiry around 5230—5250 levels.

Hot Sectors Today: Banking & Metals.

BTST/ STBT in last trade (Fut.):

Tatasteel (Sell– 455; Book Partial At 451 Same Day)

Ongc (Buy– 258; SL- No SL; Tgt Later)

Sbin (avg) (Buy– 2085; SL- 2050; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RCOM (84.25)	Must buy At 84—82	86	87—88+	81	One can take risk to buy all Adag stock at dip.
MARUTI (1290.20)	Sell At  1295—1320	1270	1258—1245	1340	News based selling pressure can be seen at rise
Derivative- Future (Strategy for today)
HINDOILEXP (108.00)	Must Buy At 107—105	110	111.5—112	Bel 103	Max Profits: Unlimited	Low risk for intra-day traders, Tgt 115.
………………….(…..)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 4000
PANTALOONR (142.70)	Buy At  142—139	145	146.5—148	Bel 136	Max Profits: Unlimited	One of the best pick for short term trader
PANTL PE 140 (1.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
RELINFR CE 560 (11.0)	Must Buy At 9—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Very good strategy for F&O expiry day.
RELINFR  PE 560 (4.2)	Buy 1 Lot with CE 560
					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 gain.

Last Trade (28^th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 49900.00Approx.