Daily News Letter Dated 7th 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: 7 May 2012

NIFTY:

Last Close: 5086.85 (Down 101.55)

Resistance Levels: 5250, 5330, 5450, 5540, 5650

Support Levels: 5050, 4950, 4800, 4650, 4550

SENSEX:

Last Close: 16831.08 (Down 320.11)

Resistance Levels: 17400,  17700, 18000, 18300, 18650

Support Levels: 16650, 16300, 15800, 15300, 15000

A gap down toward 5050—5030 can be seen and 5000 will act as good support below which it will open for 4910—4800 in coming days. We can see a technical bounce back in next 2—3 days. Traders should start making long with hedging for next 1—2 weeks.

Hot Sectors for Today: Bank & Metals.

BTST/ STBT in last trade (Fut.):

Ambujacem (Buy – 142.50; SL- 141; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
PETRONET (133.00)	Must Buy At 132—129	135.50	137—138.50	127	Stock is showing a U-Turn on daily charts.
BHUSANSTL(432.70)	Sell At 433—440	425	421—417	448	Profit booking can be seen for next 2—4 days.
Derivative- Future (Strategy for today)
BHARTIARTL (314.20)	Must  Buy At  312—306	320	323—326+	Bel 301	Max Profits: Unlimited	Good scrip for short term trader, keep SL
BHARTI PE 300 (4.30)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 5000
TCS  (1279.00)	Sell At 1280—1305	1255	1243—1230	Abv 1320	Max Profits: Unlimited	Low risk stock for short seller, buy CE.
TCS CE 1300 (27.75)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
TATASTL PE 440 (19.1)	Must Buy At 18—12	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 3—5 days for good gains.
TATASTLCE 460 (6.85)	Sell 2 Lot with PE 440
					Max Loss: Rs. 6000
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. -20200.00 Approx.