Daily News Letter Dated 2nd 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: 2 May 2012

NIFTY:

Last Close: 5248..15 (Up 39.15)

Resistance Levels: 5400, 5450, 5540, 5650, 5800

Support Levels: 5150, 5050, 4950, 4800, 4650

SENSEX:

Last Close: 17318.81 (Up 131.47)

Resistance Levels: 17750, 18000, 18300, 18650, 19100

Support Levels: 16850, 16500, 16100, 15500, 15300

Nifty can show upside toward 5300—5330 buy a hurdle can be seen at 5330, above which it can easily reach 5400. Market is trading in narrow range for several weeks & any side breakout can show sharp movements. We remain cautious with longs at higher levels.

Hot Sectors for Today: Textile & IT.

BTST/ STBT in last trade (Fut.):

Centurytex (Buy – 33s2; Book Partial At 334.50 Same Day)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BOMDYEING (522.00)	Must Buy At 520—508	530	535—540	500	All textile stocks are on fire, Closely watch.
VIPIND (97.25)	Buy Bulk At 97—95	99	100—101+	93	Buying can emerge from lower level, buy now.
Derivative- Future (Strategy for today)
BHARTIARTL (312.80)	Must  Buy At  310—304	317	320—323	Bel 300	Max Profits: Unlimited	Stock can find bottom around 300.
BHARTI  PE 300 (6.45)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
BPCL (678.50)	Buy At 675—663	690	696—702	Bel 655	Max Profits: Unlimited	Oil stocks can show movement with Mkt.
………………. (………..)	…………………….	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
NIFTY CE 5300 (85.80)	Must Buy At 850—60	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One can trade in bulk for 3—5 days for gain.
NIFTY PE 5100 (45.90)	Sell 2 Lot with CE 5300
					Max Loss: Rs. 9000
Investment Pick (Long Term)
3iINFOTECH (532628) (14)	Must Buy At 14—12	20	24—28	One can buy in bulk for medium to long term gains.

Last Trade (30^th April 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 42450.00 Approx.