Daily News Letter Dated 10th April 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: 10 April 2012

NIFTY:

Last Close: 5234.40 (Down 88.50)

Resistance Levels: 5400, 5450, 5540, 5650, 5800

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

SENSEX:

Last Close: 17222.14(Down 263.88)

Resistance Levels: 17750, 18000, 18300, 18650, 19100

Support Levels: 16850, 16500, 16100, 15500, 15300

Nifty can show slight +ve opening but it will be short lived. Nifty will find support around 5200—5180 below which 5100 can be seen. One should remain seller on every rise for next 2—3 days & enjoy intra-day volatility. Nifty has good resistance at 5280—5330 market to show trend reversal.

Hot Sectors Today: Pharma & IT.

BTST/ STBT in last trade (Fut.):

Glaxo (Sell– 2226; SL- No SL; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
CIPLA (310.60)	Must buy At 310—304	316	319—322++	300	Low risk scrip for day traders, trade with mkt
TCS  (1164.10)	Sell At  1165—1185	1145	1135—1125	1200	All IT stocks r looking weak, must sell at rise.
Derivative- Future (Strategy for today)
BOMDYING (567.50)	Must Sell At 568--580	558	553—548	Abv 585	Max Profits: Unlimited	Stock will show free fall toward 550--540.
………………. (……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 5000
JUBLFOOD (1175.40)	Sell At  1175—1200	1150	1138—1125	Abv 1220	Max Profits: Unlimited	Profit booking can be seen, sell on rise.
JUBL CE 1200 (36.15)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
TATASTL PE460 (17.15)	Must Buy At 15—11	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
TATASTL CE 480 (7.40)	Buy 1 Lot with PE 460
					Max Loss: Rs. 6000
Investment Pick (Long Term)
TULIP (532691) (95.35)	Must Buy At 92—85	120	140—155	Stock is looking very good for medium to long term.

Last Trade (9th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 48500.00Approx.