Daily News Letter Dated 6th 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: 6 June 2012

NIFTY:

Last Close: 4863.30 (Up 15.15)

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

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

SENSEX:

Last Close: 16020.64 (Up 32.24)

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

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

Market will be in tight range and any bad news can create panic selling toward 4500—4300. Nifty will find tough resistance around 5050—5200 for bulls to return. Trade with trend & keep tight stop loss or hedging.

Hot Sectors Today: Telecom & Bank.

BTST/ STBT in last trade (Fut.):

Tatamotor (Buy – 222.50; SL- 220; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
IDBI (85.70)	Buy At 85—83	87	88—89	81	Low risk scrip for short to medium term gain.
BHARTIARTL(287.85)	Must Buy At  287—281	292	295—298+	277	Stock can show good bounce, trade with SL.
Derivative- Future (Strategy for today)
TATASTEEL (394.00)	Must  Buy At  393—385	402	406—410	Bel 380	Max Profits: Unlimited	Just buy at any dip 4 good upside today.
TATASTL PE 380 (10.2)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs 2500
CENTURYTEX (261.75)	Buy At 261—256	266	269—272+	Bel 252	Max Profits: Unlimited	Very good scrip to buy & hold for gain.
CENTUR PE 260 (10.5)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
TATAMO CE 230 (8.40)	Must Buy At 8—6	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—5 days for good gains.
TATAMO PE 200 (3.65)	Sell 2 Lot with CE 230
					Max Loss: Rs. 8000
Investment Pick (Long Term)
ONMOBILE (532944) (40.3)	Must Buy At 40—36	60	70—80+	Long term investor can buy in truck load 4 good gain.

Last Trade (5th June 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 38825.00Approx.