Daily News Letter Dated 23rd 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: 23 April 2012
NIFTY:
Last Close: 5290.85 (Down 41.55)
Resistance Levels: 5400, 5450, 5540, 5650, 5800
Support Levels: 5150, 5050, 4950, 4800, 4650
SENSEX:
Last Close: 17373.84 (Down 129.87)
Resistance Levels: 17750, 18000, 18300, 18650, 19100
Support Levels: 16850, 16500, 16100, 15500, 15300
Market can show a pull back toward 5330—5350 but it will be a very good opportunity to sell on rise good gain till F&O expiry this week, Nifty has very good resistance at 5400 above which only the trend can reverse.
Hot Sectors for Today: IT & Banking.
BTST/ STBT in last trade (Fut.):
Hindalco (Buy – 124.65; Book Partial At 125.80 Same Day) Relcapital (Buy – 342; Exited Same Day At Cost2cost)
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
UNIPHOS (127.85) | Must Buy At 127.5-125 | 130.50 | 132—133.50 | 123 | The scrip is looking good for rise in 1—2 days. | ||
BIOCON (242.45) | Buy At 242—237 | 248 | 250—252 | 232 | Short covering in the stocks can be seen soon. | ||
Derivative- Future (Strategy for today) | |||||||
IDFC (129.60) | Must Buy At 129—126 | 132 | 133.50—135 | Bel 124 | Max Profits: Unlimited | Trade with the trend & keep strict SL. | |
IDFC PE 130 (3.00) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs 4000 | ||||
DIVISLAB (837.90) | Sell At 840—855 | 825 | 817—810 | Abv 865 | Max Profits: Unlimited | Sell in bulk for next 2—4 days for gain. | |
……………. (……..) | …………………. | Hedging Position | Max Loss: Rs. 5000 | ||||
Derivative- Option Strategy | |||||||
BHEL CE 250 (3.20) | Must Buy At 3—2 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | One can trade in bulk for 2—4 days for gain. | |||
BHEL CE 260 (1.20) | Sell 1 Lot with CE 250 | ||||||
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 (20th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 86050.00 Approx.
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