Daily News Letter Dated 6th 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: 6 March 2012

NIFTY:

Last Close: 5380.35 (Down 79.05)

Resistance Levels: 5650, 5800, 5900, 6050, 6200

Support Levels: 5200, 5050, 5000, 4910, 4800

SENSEX:

Last Close: 17362.87 (Down 274.12)

Resistance Levels: 18650, 19100, 19500, 20000, 20500

Support Levels: 17100, 16600, 16300,  16000, 15650

All eyes will be on election result which can give trend to the market. As per our charts we remain seller on every rise. Nifty can show 5200—5100 levels soon. Traders should keep hedging with call or put options for good profits.

Hot Sectors for Today: Metal & R Group

BTST/ STBT in last trade (Fut.):

Andhrabank (Buy– 124; Booked Partial At 125 Same Day)

Ranbaxy (Buy– 424; SL- 418; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
JPASSOCIAT (70.20)	Must buy At 70—68.5	71.5	72.3—73	67	Intraday trader should trade with tight stop loss
TATAMOTOR (274.45)	Sell At  275—280	270	268—266	283	High risk trader should trade with stop loss.
Derivative- Future (Strategy for today)
HINDALCO (140.70)	Must Buy At 140—137	143	144.5—146	Bel 135	Max Profits: Unlimited	Metals can bounce back after taking a dip.
HINDL PE 140 (8.30.)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
RELINFRA (655.70)	Sell At 656—670	652	646—640	Abv 680	Max Profits: Unlimited	Profit booking can be seen from higher levels.
RELINF CE 660(44.65)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 5000
Derivative- Option Strategy
RELIAN CE 820 (23.50)	Must Buy At 23—18	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade in bulk for 2-4 days for gains.
RELIANC PE 780 (18.5)	Buy 1 Lots with CE 820
					Max Loss: Rs. 5000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	…………………………………………

Last Trade (5th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 52500.00Approx.