Daily News Letter Dated 18th 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: 18 April 2012

NIFTY:

Last Close: 5289.70 (Up 63.50)

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

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

SENSEX:

Last Close: 17357.94 (Up 206.99)

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

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

One can sell Nifty around 5350—5380 today for good downside in next 1—2 days. Nifty will stiff resistance around 5400—5450 levels for further up move. Stock specific rollover & high volatility will be seen, better to trade with hedge.

Hot Sectors Today: R-Group & Bank.

BTST/ STBT in last trade (Fut.):

Sbin (Sell – 2300; SL- No SL; Tgt Later)

Relinfra (avg) (Sell – 579; SL- No SL; Tgt Later)

A	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATASTEEL (461.90)	Must sell At 464—472	455	450—446	478	Selling can be seen from higher level watchout
GSPL (68.10)	Buy At  68—66	70	71—72	65	Good pick for short term traders, Tgt 75—78.
Derivative- Future (Strategy for today)
INFY  (2401.10)	Must Buy At 2375-2325	2450	2475—2500	Bel 2300	Max Profits: Unlimited	Low risk scrip for short term traders.
INFY PE 2350  (25.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3750
SBIN (2310.55)	Sell At  2320—2360	2275	2250—2230	Abv 2400	Max Profits: Unlimited	Stock looks tired for short term traders.
SBIN CE 2350 (34.80)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
RCOM PE 85 (3.50)	Must Buy At 3.5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
RCOM  CE 90(2.50)	Sell 1 Lots with PE 85
					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 (17^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 115225.00 Approx.