Daily News Letter Dated 17th 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: 17 May 2012

NIFTY:

Last Close: 4858.25 (Down84.55)

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

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

SENSEX:

Last Close: 160.30 (Down 298.16)

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

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

Nifty is very near to its bottom & same lies at 4800. One should start buying at dips with Nifty stop loss 4700 for good upside in coming days. Any good global news can show a surprise upside in coming days. We expect a series of good news in coming weeks.

Hot Sectors Today: Infra & IT.

BTST/ STBT in last trade (Fut.):

Hdil (Buy – 62.50; SL- 61; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
SUZLON (19.20)	Must Buy At 19—18.5	19.5	19.75—20+	18	Low risk scrip for short term trader, Tgt 22-23
RCOM (65.35)	Buy At 65—63.5	66.5	67.5—68.5	62	Stock has good support around 62, buy now.
Derivative- Future (Strategy for today)
TATASTEEL  (400.50)	Must  Buy At  398—390	408	412—416	Bel 380	Max Profits: Unlimited	Trade with hedging for bounce to 440+
TATASTL PE 400 (14.5)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 5000
VIPIND (82.85)	Buy At 82.50—80	84.50	86—88	Bel 78	Max Profits: Unlimited	Good pick for intra day trader, keep SL.
…………. (…….)	Buy when you sell Fut.	SSHedging Position			Max Loss: Rs. 2500
Derivative- Option Strategy
NIFTY CE 4900 (63.65)	Must Buy At 60—40	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Keep stop loss 65 in spot & trade in bulk.
NIFTY  PE 4700 (36.55)	Sell 2 Lot with CE 4900
					Max Loss: Rs. 6000
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 (16^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 62950.00Approx.