Daily News Letter Dated 17th 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: 17 April 2012

NIFTY:

Last Close: 5226.20 (Up 18.75)

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

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

SENSEX:

Last Close: 17150.95 (Up 56.44)

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

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

All eyes will be on RBI policy which can show sharp movements in the market. Nifty has good resistance at 5330—5400 and support at 5180—5150 for today & a move any side will show. We prefer selling on rise for downside toward 5100 & below in next few days.

Hot Sectors Today: Infra & Banking.

BTST/ STBT in last trade (Fut.):

Bhartiartl (Buy – 317.50; Book Partial At 319.50 Same Day)

A	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BATAINDIA (845.40)	Must sell At 850—865	835	827—820	880	Anytime panic selling will be seen, Must Sell.
KOTAKBANK (583.90)	Buy At  582—572	592	598—605	565	Stock is looking good for upside Tgt 610—620
Derivative- Future (Strategy for today)
TTKPRESTIG (3490.00)	Must Sell At 3500-3570	3430	3400—3370	Abv 3610	Max Profits: Unlimited	Highly overbought on chart, sell on rise.
……………….. (….)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 5000
TATAMOTORS (302.60)	Sell At  303—309	295	292—289	Abv 312	Max Profits: Unlimited	One can sell for next few days for Tgt 280.
TATAMOT CE 300 (9.2)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 6000
Derivative- Option Strategy
SBIN PE 2250 (54.15)	Must Buy At 50—35	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
SBIN CE 2400 (23.70)	Sell 2 Lots with PE2250
					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 (16^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 30150.00 Approx.