Thursday, May 10, 2012

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.

 

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