Daily News Letter Dated 22nd 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: 22 May 2012

NIFTY:

Last Close: 4906.05 (Up 14.60)

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

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

SENSEX:

Last Close: 16183.26 (Up 30.51)

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

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

The trend for the day will be up so one should buy at dip around 4880—4850 with stop loss 4800 for good upside in next couple of days. We are not bullish overall but short term rally cannot be ruled out. Nifty will find hurdle at 5050 & support at 4800 in coming days.

Hot Sectors Today: Textile & Metals.

BTST/ STBT in last trade (Fut.):

Bhel (Buy – 206; SL- No SL; Book Partial At 208.40 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
SKUMARS (27.00)	Must Buy At 27—26.4	27.6	28—28.4	26	Keep an eye on all textile stock for sharp rally
MRPL  (58.35)	Buy At 58—56.5	59.5	60—60.5	55	Something cooking for smart upside very soon
Derivative- Future (Strategy for today)
HDIL (63.50)	Must  Buy At  63—61.5	64.5	65.5—66.5	Bel 60	Max Profits: Unlimited	Anytime a big explosion expected.
HDIL PE 60 (1.35)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 3000
BHARTIARTL  (295.00)	Buy At 294—289	300	303—306	Bel 285	Max Profits: Unlimited	Short covering can be seen, Tgt 320 soon
BHARTI PE 300 (8.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IFCI CE 35 (1.05)	Must Buy At 1—0.80	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2—5 days for good gain.
IFCI PE 32.50 (0.35)	Sell 2 Lot with CE 35
					Max Loss: Rs. 8000
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 (21^st  May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 76100.00 Approx.