Daily News Letter Dated 8th 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: 8 May 2012

NIFTY:

Last Close: 5114.15 (Up 27.30)

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

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

SENSEX:

Last Close: 16912.71 (Up 81.63)

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

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

Be cautious at rise toward 5150—5180, market may show profit booking after gap up opening. Trader can sell on rise for mid-session downside. We are still in downward trend and may see 4950—4800 in coming days, but one should keep hedge with their positions.

Hot Sectors for Today: Infra & Metals.

BTST/ STBT in last trade (Fut.):

Tatasteel (Sell – 438; SL- 445; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
HDIL (74.90)	Must Buy At 74—72	76.50	78—80+	70	One can keep a close eye for good bounce back
TATAMOTORS (309.50)	Sell At 311—317	304	301—298	321	We recommend to sell on rise with hedging.
Derivative- Future (Strategy for today)
KOTAKBANK (579.50)	Must  Sell At  580—590	570	565—560	Abv 600	Max Profits: Unlimited	Stock looks tired on upside, take a risk.
KOTAKB CE 600 (5.90)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 5000
RELINFRA  (516.70)	Sell At 519—530	508	503—498	Abv 540	Max Profits: Unlimited	Trade with market trend & buy CE 520.
RELINFA CE 520 (19.0)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 5000
Derivative- Option Strategy
INFY PE 2400 (54.00)	Must Buy At 50—30	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade in bulk for 3—5 days for good gains.
INFY CE 2500 (28.00)	Sell 2 Lot with PE 2400
					Max Loss: Rs. 7500
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 (7^th May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 205200.00Approx.