Daily News Letter Dated 4th 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: 4 May 2012

NIFTY:

Last Close: 5188.40 (Down 50.75)

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

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

SENSEX:

Last Close: 17151.19 (Down 150.72)

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

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

Nifty can find a short term bottom today with support at 5100. One can take a risk to buy at dips for next 1—2 upside. Any close below 5100 can show further panic toward 4950—4800 in coming days, better keep hedge with long positions or keep tight stop loss.

Hot Sectors for Today: Infra & Bank.

BTST/ STBT in last trade (Fut.):

Tatasteel (Buy – 448; SL- 442; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HDIL (78.15)	Must Buy At 78—76	80	81—82	74	Take a risk to buy at dip for bounce back to 85
ALBK  (171.25)	Buy At 171—168	174	175.5—177	166	One can buy mid-cap banking stocks at dips.
Derivative- Future (Strategy for today)
EDUCOMP (187.45)	Must  Buy At  186—182	190	192—194+	Bel 178	Max Profits: Unlimited	Stock is oversold on charts, go long now.
…………….. (……)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 4000
CENTURYTEX (315.00)	Buy At 314—308	321	324—327	Bel 304	Max Profits: Unlimited	Textile stocks are looking very good.
CENTUR PE 300 (6.70)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
SBIN CE 2100 (72.10)	Must Buy At 65—50	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 3—5 days for good gains.
SBIN PE 2000 (41.50)	Sell 2 Lot with CE 2100
					Max Loss: Rs. 10000
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 (2^nd May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs. 21700.00 Approx.