Daily News Letter Dated 1st June 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: 1 June 2012

NIFTY:

Last Close: 4924.25 (Down 26.50)

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

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

SENSEX:

Last Close: 16218.53 (Down 93.62)

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

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

A fresh series can show upside but traders should wait for a dip today to buy. Nifty will find support at 4880—4850 today & resistance at 4950—4980. We advise to be long but with hedging so any news do not create major loss.

Hot Sectors For Today: Metals & Bank.

BTST/ STBT in last trade (Fut.):

Ster (Buy – 94; SL- 92.50; Tgt  Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3		SL	COMMENTS
Hot Today
SUZLON (18.10)	Buy At 18—17.50	18.5	18.75—19		17	Buy in bulk for short term upside toward 22+.
IDBI (85.65)	Buy At  85—83	87	88—89+		81	Low risk scrip for intraday/ short-term trader
Derivative- Future (Strategy for today)
ICICIBANK (790.50)	Must  Buy At  790--775	805	812—820		Bel 760	Max Profits: Unlimited	Trade with trend, good among banking.
ICICI PE 780 (27.00)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs 3750
RELINFRA  (454.25)	Buy At 454—445	464	468—472+		Bel 438	Max Profits: Unlimited	R-group stocks can show good upside.
RELINFR PE 440(16.75)	Buy when you buy Fut.	Hedging Position				Max Loss: Rs. 3500
Derivative- Option Strategy
SBIN  CE 2100 (69.00)	Must Buy At 65—50	Options Trading strategy with High Risk- High Gain.				Max Profits: Unlimited	Trade & hold for 3—5 days for good gains.
SBIN  PE  2000 (53.00)	Sell 1 Lot with CE 2100
						Max Loss: Rs. 6250
Investment Pick (Long Term)
CROMPGR (500093) (111.9)	Must Buy At 110—105	145		160—180+	Very good pick for investment for medium-long term.

Last Trade (31^st May 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 12640.00Approx.