Daily News Letter Dated 15th 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: 15 May 2012

NIFTY:

Last Close: 4907.80 (Down 21.10)

Resistance Levels: 5050, 5130, 5250, 5330, 5450

Support Levels: 4900, 4800, 4650, 4550, 4400

SENSEX:

Last Close: 16215.84 (Down 77.14)

Resistance Levels: 16750, 17100, 17400,  17700, 18000

Support Levels: 16100, 15800, 15300, 15000 , 14500

Nifty should find bottom around 4840—4800 by today or tomorrow & any close below 4800 will trigger further panic in the market. Traders should start buying at dips with put option to protect their positions. We can see a reversal in coming days for Nifty target 5130-5200.

Hot Sectors for Today: Bank & Infra.

BTST/ STBT in last trade (Fut.):

Pantaloonr (Buy – 150.95; SL- 148; Book Partial At 152.90)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IRB (108.95)	Must Buy At 108—105	111.50	113—115+	103	Worst is over for time being, buy at every dip.
TATAMOTORS (290.20)	Buy At 289—283	295	298—301+	280	One should buy at dip only for bounce back.
Derivative- Future (Strategy for today)
ICICIBANK  (784.40)	Must  Buy At  780—765	795	802—810+	Bel 750	Max Profits: Unlimited	Take a risk to buy at dip today with hedge
ICICIBK PE 760 (15.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3750
ABAN (343.00)	Buy At 342—336	348	351—355+	Bel 330	Max Profits: Unlimited	Good scrip for short term trader, Tgt 380.
ABAN PE 340 (12.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
RENINF  CE 460 (16.00)	Must Buy At 15—11	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2—5 days for good gains.
RELINF  PE 440 (11.20)	Sell 1 Lot with CE 460
					Max Loss: Rs. 5000
Investment Pick (Long Term)
GVKPIL (532708) (12.10)	Must Buy At 12—10	20	24—28	One can buy in bulk for medium to long term gains.

Last Trade (14^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 17050.00Approx.