Daily News Letter Dated 7th 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: 7 June 2012

NIFTY:

Last Close: 4997.10 (Up 133.80)

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

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

SENSEX:

Last Close: 16454.30 (Up 433.66)

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

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

Nifty can show a gap up opening but a profit booking can not be ruled out. One call sell on rise around 4990-5010 with stop loss 5050 for downside toward 4950—4910 in next 24-hours. Some of the stocks are overbought for free fall.

Hot Sectors For Today: Infra & Textile.

BTST/ STBT in last trade (Fut.):

Sbin (Sell – 2140; SL- SL Hits At 2160 Same Day)

Bhel (Buy – 215.50; SL- 212.50; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
TATAMOTORS (233.65)	Sell At 234—239	229	227—225	242	Stock can show profit booking sell on rise only
RAYMOND (367.60)	Must Buy At  367—360	374	378—382+	355	Textile stock can show short covering, watch.
Derivative- Future (Strategy for today)
SBIN (2148.00)	Must  Sell At  2150-2190	2110	2090—2070	Abv 2220	Max Profits: Unlimited	Anytime profit booking can be seen.
SBIN CE 2200 (58.65)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 3750
EDUCOMP (137.45)	Buy At 137—133	141	143—145+	Bel 130	Max Profits: Unlimited	One can go long for 1—2 weeks, Tgt 150+
EDUCO PE 130 (4.50)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 3000
Derivative- Option Strategy
NIFTY PE 5000 (122.00)	Must Buy At 120-100	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 3—5 days for good gains.
NIFTY CE 5200 (27.40)	Sell 2 Lot with PE 5000
					Max Loss: Rs. 6000
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 (6th June 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 103200.00Approx.