Daily News Letter Dated 3rd 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: 3 April 2012

NIFTY:

Last Close: 5317.90(Up 22.35)

Resistance Levels: 5330, 5450, 5540, 5650, 5800

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

SENSEX:

Last Close: 17478.15 (Up 73.95)

Resistance Levels: 17600, 18000, 18300, 18650, 19100

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

Traders should stay cautious at rise today. Nifty will show gap up opening toward 5350 & can show further upside toward 5380—5400 in next 1—2 days. Nifty will find good hurdle at 5450 & selling pressure or profit booking can arise. Bulls will be aggressive only closing above 5450 for two consecutive days.

Hot Sectors Today: Metals & IT.

BTST/ STBT in last trade (Fut.):

Pantaloonr (Buy–154; SL- 150; Tgt Later)

Axisbank (Sell– 1160; SL- 1170 ; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
ROLTA (94.80)	Must buy At 94.5--92	96	97—98+		90	One of the best mid-cap IT stk for short term.
ARVIND (83.05)	Buy At  82.50—80	84.50	85.50—86.5		78.5	Textile stocks can explode any time, go long.
Derivative- Future (Strategy for today)
HINDALCO (129.00)	Must Buy 129—126	132	133.5—135		Bel 124	Max Profits: Unlimited	Buying can emerge from lower levels.
HINDLCO PE 130(6.45)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs 4000
TCS (1201.55)	Sell At  1205—1230	1180	1170—1180		Abv 1250	Max Profits: Unlimited	Profit booking can be seen after a rise.
TCS CE 1200 (43.40)	Buy when you sell Fut.	Hedging Position				Max Loss: Rs. 5000
Derivative- Option Strategy
TATAMOT PE280 (10.5)	Must Buy At 9—7	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	One can trade in bulk for 3—6 days for gain.
TATAMOT CE300 (3.1)	Sell 2 Lot with PE 280
						Max Loss: Rs. 15000
Investment Pick (Long Term)
STER (500900) (109.70)	Must Buy At 105—95	140		160—180	One should accumulate at dips for long term gain.

Last Trade (2nd April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 40870.00Approx.