Daily News Letter Dated 24th 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: 24 April 2012

NIFTY:

Last Close: 5200.60 (Down 90.25)

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

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

SENSEX:

Last Close: 17096.68 (Down 277.16)

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

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

Nifty can show a technical bounce back toward 5240—5250 levels. One can buy at dips toward 5150. The trend remains downward for next 2—3 days & high volatility can be seen due to F&O expiry. We advise to remain seller on every rise till F&O expiry this week.

Hot Sectors for Today: IT & Textile.

BTST/ STBT in last trade (Fut.):

Maruti (Sell – 1385; Book Partial At 1375 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IOC (259.85)	Must Buy At 259-254	264	266—268	250	The scrip is looking good for rise in 1—2 days.
PANTALOONR (160.85)	Buy At  160—157	163	165—167	154	Closely watch all textile stock for good bounce
Derivative- Future (Strategy for today)
TATAMOTORS (309.30)	Must Sell At 310—316	304	301—298	Abv 318	Max Profits: Unlimited	Stock can fall toward 300—295 very soon.
TATAMOT CE 300(1.3)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 4000
POLARIS (149.60)	Buy At 149—146	152	153.5—155	Bel 144	Max Profits: Unlimited	Closely watch all IT stocks 4 bounce back
……………. (……..)	………………….	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY CE 5200 (35.95)	Must Buy At 32—20	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—3 days for gain.
NIFTY  PE 5100 (17.00)	Sell 2 Lot with CE 5200
					Max Loss: Rs. 3500
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 (23rd April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 73575.00 Approx.