Daily News Letter Dated 7th 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: 7 March 2012

NIFTY:

Last Close: 5222.40 (Down 57.95)

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

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

SENSEX:

Last Close: 17173.29 (Down 189.58)

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

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

Nifty can show gap down opening toward 5180 & below but a reversal can be seen in mid session. As per our charts Nifty should find a support around 5150 –– 5100 below which we will see sharp decline toward 4800 & even 4500 mark.

Hot Sectors for Today: Metal & R Group

BTST/ STBT in last trade (Fut.):

Tatasteel (avg) (Buy– 436.25; Exit Same Day At 428 SL Hit)

Reliance (Buy– 790; Exit Same Day At 790)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IOC (280.40)	Must buy At 280—275	285	287—289	271	All oil marketing companies can show bounce.
HINDALCO (131.15)	Buy At  131—128	134	135.5—137	125	Take a risk to buy at dip for bounce back to 138.
Derivative- Future (Strategy for today)
BHARTIARTL (337.50)	Must Buy At 337—331	343	346—349	Bel 327	Max Profits: Unlimited	One should closely watch today for gain.
BHARTI PE 320 (6.90)	Buy when you buy Fut.	Hedging Position
					Max Loss: Rs 4000
HDIL (101.50)	Sell At 103—106	99	97—95	Abv 108	Max Profits: Unlimited	High volatile stock for intra day traders.
HDIL CE 105 (8.75)	Buy when you sell Fut.	Hedging Position
					Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY CE 5200 (156.00)	Must Buy At 150—120	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One should trade in bulk for 2-4 days for gains.
NIFTY  PE 5000 (58.40)	Sell 2 Lots with CE5200
					Max Loss: Rs. 6000
Investment Pick (Long Term)
………… (……..) (…….)	Must Buy At …………	……..	…………..	…………………………………………

Last Trade (6th March 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 189300.00Approx.