Daily News Letter Dated 9th 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: 9 April 2012

NIFTY:

Last Close: 5322.90 (Down 35.60)

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

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

SENSEX:

Last Close: 17486.02 (Down 111.40)

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.):

Icicibank (Buy– 888; SL- 880; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HDIL (86.95)	Must buy At 86.5--85	88	89—90+	83.5	Good stock for short term traders, Tgt 270+.
BIOCON (242.00)	Buy At  242—237	248	250—252	233	Low risk scrip for intra-day, buy at dip only.
Derivative- Future (Strategy for today)
RELCAPITAL (397.70)	Must Buy 397—390	404	408—412	Bel 384	Max Profits: Unlimited	Something cooking in all infra stocks.
RELC PE 380 (11.35)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3000
STER  (111.75)	Buy At  111—109	113	114—115	Bel 107	Max Profits: Unlimited	Profit booking will emerge at higher lvl.
STER PE 110 (4.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY CE5300(126.00)	Must Buy At 120—110	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 2—4 days for gain.
NIFTY  PE5200(46.70)	Sell 2 Lot with CE 5300
					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 (4th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 51000.00Approx.