Daily News Letter Dated 31st 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: 31 May 2012

NIFTY:

Last Close: 4950.75 (Down 39.35)

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

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

SENSEX:

Last Close: 16312.15 (Down 126.43)

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

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

One can buy at dip or gap down opening toward 4910—4890 for good bounce back toward 5000+ levels in next 24-hours. Nifty has good support at 4800 closing basis below which panic selling can occur, trade with hedging.

Hot Sectors Today: Bank & R-group.

BTST/ STBT in last trade (Fut.):

Centurytex (Buy – 273.50; SL- 270; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
PANTALOONR (150.25)	Buy At 150—147	153	154.5—156	144	Good stock for 1—2 days, but trade with SL.
INDIACEM (75.80)	Buy At 75.5—73.5	77.5	78.5—79.5+	72	Cement stocks can show good buying today.
Derivative- Future (Strategy for today)
LT  (1186.10)	Must  Buy At  1182-1160	1210	1225—1240	Bel 1150	Max Profits: Unlimited	Stock is looking good for bounce, Tgt 1250.
LT PE 1150 (2.80)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 2500
PNB  (728.25)	Buy At 725—710	740	747—755+	Bel 700	Max Profits: Unlimited	Good banking stock for short term trader
PNB PE 720 (1.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 2500
Derivative- Option Strategy
TATAMO CE 240 (5.35)	Must Buy At 5—3	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk on expiry day for gain.
TATAMO PE  240 (2.65)	Buy 1 Lot with CE 240
					Max Loss: Rs. 7000
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 (30^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs -20373.00 Approx.