Daily News Letter Dated 30th 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: 30 May 2012

NIFTY:

Last Close: 4990.10 (Up 4.45)

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

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

SENSEX:

Last Close: 16438.58 (Up 21.74)

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

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

Market will be volatile due to just two days left for F&O expiry. Nifty will find support around 4950—4930 & resistance at 5030—5080 for next two days. Trade with caution as any bad news can show sharp selling pressures.

Hot Sectors For Today: Tele & Metals.

BTST/ STBT in last trade (Fut.):

Dlf (Buy – 188.50; SL- 186; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HINDOILEXP (103.00)	Buy At 102—100	105	106.50—108	98	Low risk stocks for short term trader, Tgt 115
POLARIS (114.30)	Buy At 113—110	116.50	118—120+	108	Good pick among Mid-cap IT sector, keep SL.
Derivative- Future (Strategy for today)
BHARTIARTL (300.40)	Must  Buy At  298—292	305	308—311+	Bel 288	Max Profits: Unlimited	Short covering can be seen, buy at dips.
BHARTI PE 300 (2.95)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
ORCHIDCHEM  (122.5)	Buy At 122—119	125	126.5—128+	Bel 117	Max Profits: Unlimited	Low risk pick 4 day trader, keep hedge.
ORCHID PE 120 (0.90)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IVRCLIN CE 42.5 (0.65)	Must Buy At 0.50—0.30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 1—2 days for good gain.
IVRCLIN PE 40  (0.55)	Sell 2 Lot with CE 42.5
					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.

29^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 117750.00 Approx.