Daily News Letter Dated 29th 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: 29 May 2012

NIFTY:

Last Close: 4985.65 (Up 65.25)

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

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

SENSEX:

Last Close: 16416.84 (Up 199.02)

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

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

Nifty can show upside toward 5000—5030 but a profit booking can take place in mid-session. We can see some selling pressure in selected stocks due to roll over. One should book some profits in their long positions made last week.

Hot Sectors For Today: Infra & Auto.

BTST/ STBT in last trade (Fut.):

Canbk (Buy – 402; SL- 395; Booked Partial At 407 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
JPASSOCIAT (62.60)	Buy At 62.50—61	64	65—66+	60	Hidden gem 4 short term traders, accumulate
ABAN  (375.80)	Buy At 375—368	390	393—396	364	Low risk scrip for short term expected Tgt 420
Derivative- Future (Strategy for today)
IVRCLINFRA (43.15)	Must  Buy At  43--42	44	44.5—45	Bel 41.50	Max Profits: Unlimited	Good pick among infra sector, Tgt 50.
IVRCL PE 42.50 (1.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 2000
BGRENERGY  (302.60)	Buy At 302—296	308	311—314+	Bel 292	Max Profits: Unlimited	Short covering can be seen, buy at dips.
……………….. (…..)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
DLF CE 190 (3.95)	Must Buy At 3.50—2.0	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2—3 days for good gain.
DLF  PE 180 (1.20)	Sell 2 Lot with CE 190
					Max Loss: Rs. 4000
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 (28^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 39100.00 Approx.