Daily News Letter Dated 16th 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: 16 April 2012

NIFTY:

Last Close: 5207.45 (Down 69.40)

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

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

SENSEX:

Last Close: 17094.51 (Down 238.11)

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

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

Nifty will show gap down opening toward 5150 but a bounce back can be seen in mid-session. One can buy around 5150—5130 keeping stop loss 5100 for intra-day bounce back. Stock specific sharp selling can be seen today. Wait for right time to enter for rally.

Hot Sectors Today: Oil-Gas & Banking.

BTST/ STBT in last trade (Fut.):

Tatasteel (avg) (Buy - 454; Exited Same Day At 454)

Bhartiartl (Buy - 323; Book Partial At 325 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BAJAJAUTO (1635.65)	Must Buy At 1620-1590	1650	1665—1680+	1580	Stk can show bounce after taking a dip today.
IOC (253.05)	Buy At  252—247	257	260—263	244	Anytime all Oil stocks can show sharp rally.
Derivative- Future (Strategy for today)
APOLLOTYRE (86.45)	Must Sell At Opening	85	84—83	Abv 89	Max Profits: Unlimited	One can sell for 1—3 days for good gain.
APOLLO CE 90 (1.45)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 4000
TATAMOTORS (288.40)	Sell At  288—293	283	280.50—278	Abv 295	Max Profits: Unlimited	Profit booking will be seen, sell on rise.
TATAMOT CE 290 (6.7)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
ONGC CE 260 (5.80)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 3—5 days for gain.
ONGC PE 260 (3.70)	Buy 1 Lot with CE 260
					Max Loss: Rs. 3000
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 (13^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 142400.00 Approx.