Daily News Letter Dated 20th 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: 20 April 2012

NIFTY:

Last Close: 5332.40 (Up 32.40)

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

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

SENSEX:

Last Close: 17503.71 (Up 111.32)

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

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

One can sell on rise today with Nifty stop loss 5400 for downside toward 5250—5200 in coming days. Any two consecutive close above 5400 can easily show 5600—5700 levels very soon. Trade with tight stop loss to avoid loss.

Hot Sectors for Today: IT & Banking.

BTST/ STBT in last trade (Fut.):

Hdfcbank (Sell – 553; SL- No SL; Tgt Later)

A	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
YESBANK (367.65)	Must sell At 368—374	362	359—356	378	Stock can show selling pressure after a rise.
ROTLA (94.20)	Buy At  94—92	96	97—98	90	IT stocks are oversold on charts, keep an eye.
Derivative- Future (Strategy for today)
TATASTEEL (469.75)	Must Sell At 470—478	462	458—454	Abv 485	Max Profits: Unlimited	Profit booking can be seen on every rise.
TATAS CE 480 (4.55)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 3500
ONGC (274.35)	Sell At  275—280	270	268—266	Abv 283	Max Profits: Unlimited	One can sell on rise with hedging for gain
ONGC CE 280 (1.10)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
NIFTY PE 5300 (26.00)	Must Buy At 25—15	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
NIFTY CE 5500 (7.15)	Sell 2 Lot with PE 5300
					Max Loss: Rs. 2000
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 (19^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. -14600 Approx.