Daily News Letter Dated 8th 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: 8 June 2012

NIFTY:

Last Close: 5049.65 (Up 52.55)

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

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

SENSEX:

Last Close: 16649.05 (Up 194.75)

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

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

Traders should remain cautious at rise today as anytime a sharp sell-off can be seen. Our short term target remains toward 5150—5200 but some profit booking can be seen for 1—2 days. Nifty has good support at 4800 closing basis.

Hot Sectors For Today: Sugar & Auto.

BTST/ STBT in last trade (Fut.):

Rcom (Buy – 66.75; SL- 66; Tgt Later)

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BALRAMCHIN (50.30)	Buy At 50—49	51	51.5—52	48	All sugar stocks are looking sweeter for rise.
ALOKTEX (18.80)	Must Buy At  18.60—18	19.25	19.50—20+	17.70	Very good pick among textile sector, Tgt 22+
Derivative- Future (Strategy for today)
TVSMOTOR (33.50)	Must  Buy At  33.5--32.5	34.25	35—35.50+	Bel 31.5	Max Profits: Unlimited	Anytime profit booking can be seen.
……………….(……)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 4000
ANDHRABANK (107.3)	Buy At 107—105	109	110—111+	Bel 103	Max Profits: Unlimited	Keep a close eye for bounce back today.
ANDHRAB PE 110 (3.0)	Buy when you buy Fut.	Hedging Position			Max Loss: Rs. 4000
Derivative- Option Strategy
IDBI CE 90 (3.45)	Must Buy At 3.2—2.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade & hold for 4—7 days for good gains.
IDBI CE 95 (1.55)	Sell 2 Lot with CE 90
					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 (7th June 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 29100.00Approx.