Daily News Letter Dated 10th May 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: 10 May 2012
NIFTY:
Last Close: 4974.80 (Down 25.75)
Resistance Levels: 5250, 5330, 5450, 5540, 5650
Support Levels: 5050, 4950, 4800, 4650, 4550
SENSEX:
Last Close: 16479.88 (Down 66.60)
Resistance Levels: 17400, 17700, 18000, 18300, 18650
Support Levels: 16650, 16300, 15800, 15300, 15000
Market is unable to hold higher levels & hurdle lies at 5030-5080 for reversal. Nifty can bottom out in next 3—5 trading session, may be around 4850—4800. One should trade according to given advice and proper stop loss as stock specific fall me steep.
Hot Sectors Today: Metals & IT.
BTST/ STBT in last trade (Fut.):
Tatasteel(Buy – 425; Exited Same Day At 420)
Sbin(Buy – 1908; Exited Same Day At 1890)
Educomp(Buy – 164.50; Book Partial At 167.40 Same Day)
Sesagoa (Sell – 177; SL- 180; Tgt Later)
SCRIP NAME (CMP) | ENTRY LEVEL | TGT1 | TGT2—3 | SL | COMMENTS | ||
Hot Today | |||||||
STER (96.30) | Must Buy At 96—94 | 98 | 99—100 | 92 | Good stk to buy at dip today for upside to 105 | ||
IDBI (91.80) | Buy At 91—89 | 93 | 94—95 | 87 | One should closely watch and buy at dip only. | ||
Derivative- Future (Strategy for today) | |||||||
ITC (240.75) | Must Sell At 241-245 | 237 | 235—233 | Abv 250 | Max Profits: Unlimited | Stock looks over bought on charts. | |
ITC CE 240 (3.00) | Buy when you sell Fut. | Hedging Position | Max Loss: Rs 5000 | ||||
JPASSOCIAT (61.25) | Buy At 61—59.5 | 62.5 | 63—63.5 | Bel 58 | Max Profits: Unlimited | Trade with hedging for good gain soon. | |
JPASSO PE 60 (2.90) | Buy when you buy Fut. | Hedging Position | Max Loss: Rs. 6000 | ||||
Derivative- Option Strategy | |||||||
SBIN CE 1900 (74.50) | Must Buy At 70—60 | Options Trading strategy with High Risk- High Gain. | Max Profits: Unlimited | Trade in bulk for 2—4 days for good gains. | |||
SBIN PE 1750 (35.15) | Sell 2 Lot with CE 1900 | ||||||
Max Loss: Rs. 9000 | |||||||
Investment Pick (Long Term) | |||||||
3iINFOTECH (532628) (14) | Must Buy At 14—12 | 20 | 24—28 | One can buy in bulk for medium to long term gains. |
Last Trade (9th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 42300.00Approx.
<< Home