Daily News Letter Dated 21st 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: 21 May 2012

NIFTY:

Last Close: 4891.45 (Up 21.25)

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

Support Levels: 4800, 4650, 4550, 4400, 4300, 4200

SENSEX:

Last Close: 16152.75 (Up 82.27)

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

Support Levels: 15800, 15300, 15000 , 14500, 14000

Nifty can show upside opening toward 4930—4950 but profit booking can be seen in mid-session. We can see high volatility in coming days too due to global news. This is good time for traders to gain both side. Nifty has good support at 4800 & resistance at 4950.

Hot Sectors Today: Infra & R-Group.

BTST/ STBT in last trade (Fut.):

Tatasteel (Buy – 395; SL- 390; Book Partial At 400 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RCOM (64.95)	Must Buy At 64.5--63	66	67—68+	62	Adag stocks will fly today, buy at any dip.
ORCHIDCHEM (127.2)	Buy At 127—124	130	131.5—133	122	Short covering can be seen, soon Tgt 140—150
Derivative- Future (Strategy for today)
IDBI (89.70)	Must  Buy At  89—87	91.50	92.50—94	Bel 85	Max Profits: Unlimited	Good stock among mid-cap banking.
IDBI PE 85 (0.80)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
TATAMOTORS (262.40)	Buy At 261—256	267	269.50—272	Bel 252	Max Profits: Unlimited	Dead cat bounce expected today.
TATAM PE 260  (7.05)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
BHEL CE 200 (8.20)	Must Buy At 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can take a risk to trade with SL  195.
BHEL PE 190 (2.55)	Sell 2 Lot with CE 200
					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 (18^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 88900.00 Approx.