Daily News Letter Dated 19th 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: 19 April 2012

NIFTY:

Last Close: 5300.00 (Up 10.30)

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

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

SENSEX:

Last Close: 17392.39 (Up 34.45)

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

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

Nifty can show gap down opening toward 5280—5250 below which 5200 will be crucial levels. We foresee selling pressure to continue for next few days. One can hold shorts with stop loss of 5450. One should hedge with options.

Hot Sectors Today: Auto & Metals.

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 263; SL- No SL; Tgt Later)

A	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHUSANSTL (427.60)	Must sell At 428—436	420	416—412	440	Stock can show selling pressure after a rise.
IOC (262.65)	Buy At  262—257	267	269—271	252	Anytime news of oil price hike can come out.
Derivative- Future (Strategy for today)
IDFC  (132.00)	Must Buy At 131—128	134	135.50—137	Bel 126	Max Profits: Unlimited	Short covering can take place today.
IDFC PE 130 (2.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
IDEA (89.05)	Buy At  88—86	91	92—93	Bel 85	Max Profits: Unlimited	Take a risk to buy at dips for good upside.
IDEA PE 85 (0.70)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMO PE 300 (3.10)	Must Buy At 3—2.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
TATAMO CE 320 (2.50)	Sell 2 Lots with PE 300
					Max Loss: Rs. 10000
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 (18^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 18300.00 Approx