Daily News Letter Dated 18th 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: 18 May 2012

NIFTY:

Last Close: 4870.20 (Up 11.95)

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

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

SENSEX:

Last Close: 16070.48 (Up 40.39)

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

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

Market can show a gap down opening toward 4800 but it will be a buying opportunity as written earlier. Nifty is almost near to bottom & a sharp reversal can be seen in coming days. One should hedge their positions with options so no major damage occur.

Hot Sectors for Today: Oil-Gas & Bank.

BTST/ STBT in last trade (Fut.):

Relinfra (Buy – 446; SL- 440; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
LT (1163.65)	Must Buy At 1155-1140	1180	1190—1200+	1120	Technical bounce can be seen with the market.
HINDALCO (109.00)	Buy At 108—106	111.50	113—114	104	Good scrip to buy among metal sector, Tgt 125
Derivative- Future (Strategy for today)
PANTALOONR (132.55)	Must  Buy At  131—128	135	136.5—138	Bel 125	Max Profits: Unlimited	Stock is very near to bottom keep stop loss
PANTA PE 130 (5.10)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3000
HINDOILEXP (102.40)	Buy At 101—98	104	105—106	Bel 96	Max Profits: Unlimited	Low risk stock for intra-day traders.
…………. (…….)	Buy when you sell Fut.	SSHedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN CE 1900 (51.30)	Must Buy At 51—45	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Any side sharp move will yield good profits.
SBIN PE 1800 (58.90)	Buy 1 Lot with CE 1900
					Max Loss: Rs. 6000
Investment Pick (Long Term)
IRBINFRA (532947) (112.7)	Must Buy At 110—100	150	170—200+	One can buy in bulk for medium to long term gains.

Last Trade (17^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 31975.00 Approx.