Daily News Letter Dated 3rd 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: 3 May 2012

NIFTY:

Last Close: 5239.15 (Down 9.00)

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

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

SENSEX:

Last Close: 17301.91 (Down 16.90)

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

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

Market can show gap down opening toward 5200—5180 but bounce back can be seen in 2^nd half session. Nifty has good supports at 5150—5100 below which further panic can arise. We are cautious with longs in market & remain seller until Nifty closes above 5450.

Hot Sectors for Today: R-Group & IT.

BTST/ STBT in last trade (Fut.):

Icicibank (Buy – 873; SL- 860; Tgt Later)

Petronet (Buy – 137; SL- 135; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
RCOM (75.95)	Must Buy At 75.5—74	77.50	78.5—80	73	Stock can show a good bounce in next 1-3 days
TTKPRESTIG (3610.0)	Sell At 3610—3670	3550	3520—3490	3710	Stock can show profit booking after an upside.
Derivative- Future (Strategy for today)
CHAMBLFER (75.80)	Must  Buy At  75.5—74	77.50	78.5—80+	Bel 72	Max Profits: Unlimited	Low risk stock for short term traders.
CHAMBL PE 75 (3.00)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
TCS (1265.95)	Sell At 1265—1290	690	696—702	Bel 1300	Max Profits: Unlimited	All IT stocks can show profit booking.
TCS   CE 1300 (22.00)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 2500
Derivative- Option Strategy
INFY PE 2450 (63.10)	Must Buy At 60—50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 2—4 days for good gains.
INFY CE 2600 (14.50)	Sell 2 Lot with CE 2450
					Max Loss: Rs. 5000
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. 34200.00 Approx.