Daily News Letter Dated 11th 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: 11 May 2012

NIFTY:

Last Close: 4965.70 (Down 9.10)

Resistance Levels: 5250, 5330, 5450, 5540, 5650

Support Levels: 5050, 4950, 4800, 4650, 4550

SENSEX:

Last Close: 16420.05 (Down 59.53)

Resistance Levels: 17400,  17700, 18000, 18300, 18650

Support Levels: 16650, 16300, 15800, 15300, 15000

Today the market can show an upside with IIP data but any rally will be short lived. We prefer selling at higher levels with Nifty stop loss 5150 for downside toward 4900—4840 in coming days. We can see intra-day rally toward 5020—5050, but it will be  selling opportunity.

Hot Sectors for Today: Oil-Gas & Bank

BTST/ STBT in last trade (Fut.):

Icicibank (Buy – 805; Exited Same Day At 800)

Ioc (Buy – 267; Book Partial At 269 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
GSPL (66.50)	Must Buy At 66—64.5	67.5	68—68.5	63	Very low risk stock 4 short term trader, Tgt 75
IDFC (118.45)	Sell At 119—122	116	114.50—113	124	Profit booking can be seen from higher levels.
Derivative- Future (Strategy for today)
HEXAWARE (121.25)	Must  Sell At  121.5-124	118	116.5—115	Abv 126	Max Profits: Unlimited	Anytime panic can be seen, Tgt 110 soon
……………….(……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 4000
HINDOILEXP (110.45)	Buy At 110—107	113	114—115	Bel 105	Max Profits: Unlimited	Very good stk among Oil-Gas sectors.
…………………(…….)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
PETRONETCE140 (5.0)	Must Buy At 5—4	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2—4 days for good gains.
PETRONET PE130(2.0)	Sell 2 Lot with CE 140
					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 (10^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 95500.00Approx.