Daily News Letter Dated 4th 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: 4 April 2012

NIFTY:

Last Close: 5358.50(Up 40.60)

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

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

SENSEX:

Last Close: 17597.42 (Up 119.27)

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

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

Nifty will find good hurdle at 5450 above which bulls will show fireworks & Nifty can head toward 5700+ levels in coming days. We can see some profit booking in next 1—2 days but any bad news can show panic selling too. It’s better to trade with hedging for gain.

Hot Sectors Today: Infra & Oil—Gas.

BTST/ STBT in last trade (Fut.):

Optocircui (Buy– 195.50; SL Hits  Same Day At 193.50)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (260.55)	Must buy At 260--255	265	267—269+	252	Good stock for short term traders, Tgt 270+.
BAJAJ-AUTO (1642.25)	Buy At  1640—1610	1670	1690—1710	1590	Low risk scrip for intra-day, buy at dip only.
Derivative- Future (Strategy for today)
DLF (207.90)	Must Buy 207.5—203	212	214—216	Bel 200	Max Profits: Unlimited	Something cooking in all infra stocks.
DLF PE 200 (5.70)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3000
BPCL  (710.75)	Sell At  712—725	698	691—685	Abv 735	Max Profits: Unlimited	Profit booking will emerge at higher lvl.
…………..(……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
HINDALCO CE130(6.8)	Must Buy At 6.50—5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
HINDALCO  PE120(1.3)	Sell 2 Lot with CE 130
					Max Loss: Rs. 10000
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 (3rd April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 87900.00Approx.