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Daily News Letter

Date: 29 November 2012

Support & Resistance

NIFTY:

Last Close: 5727.45 (Up 91.55)

Resistance Levels: 5750, 5900, 6000, 6150, 6300

Support Levels: 5600, 5420, 5330, 5200, 5050

SENSEX:

Last Close: 18842.08 (Up 305.07)

Resistance Levels: 19000, 19500, 20000, 20500, 21000

Support Levels: 18300, 18000, 17700, 17100, 16600

Sensex Range This Week: 18500 - 19300 above which it will touch 20000 & Below Target 17500; Good Resistance closing above 19100.

Market Commentary:

No major movement can be seen due to F&O expiry today. Nifty can show profit booking from higher levels. The market will take guidance from global cues and we see downside in coming weeks. Nifty has major resistance at 5850 & support at 5550 for major moves.

Hot Sectors For Today: Oil-Gas & Tele.

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Ongc (Buy – 249.90; SL- 247; Tgt Later)

Hot in Street:

Unitech, Suzlon, Raymond, Bhartiartl, Idea, Bataindia, Ptc, Irb, Relcapital, Relinfra, Ster, Bpcl etc.

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
BHEL (223.90)	Must Buy At 223-220	228	230.5—233	217	Short covering can take place, buy at any dip.
IDEA (100.10)	Sell At 100—101	98	97—96	102	All telecom stocks are looking overbought.
Derivative- Future (Strategy for today)
INFY (2465.35)	Sell At 2465—2490	2415	2390—2365	Abv 2520	Max Profits: Unlimited	Profit booking can be seen after a rise.
INFY CE 2500 (3.30)	Buy when you Sell Fut.	Hedging Position		Abv 2520	Max Loss: Rs. 3750	Profit booking can be seen after a rise.
TATAMOTOR (266.40)	Sell Around 267-270	262	259.5—257	Abv 273	Max Profits: Unlimited	Take a risk to sell at any rise 4 good gain.
TATAMO CE 270 (0.55)	Buy when you Sell Fut.	Hedging Position		Abv 273	Max Loss: Rs. 3000	Take a risk to sell at any rise 4 good gain.
Derivative- Option Strategy
BHARTI PE 320 (1.35)	Must Buy At Opening	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	Trade keeping spot SL at 332 for good gain.
BHARTI CE 330 (1.50)	Sell 1 Lot with PE 320				Max Profits: Unlimited
BHARTI CE 330 (1.50)	Sell 1 Lot with PE 320				Max Loss: Rs. 3000
Investment Pick (Long Term)
JISLJALEQS (500219) (65.4)	Must Buy At 65—60	85	100—120	Stock looks highly oversold on charts, go long at dips.

Monthly trading picks:

Monthly trading picks for November
CROMPGREAV(125.0)	Must Buy At 122—118	132	136—140	Below 115	SL hit due to bad result.
MCLEODRUS (302.65)	Must Buy At 300—290	330	340—350+	284	All target hit, made high 352 on 27 Nov.
PTC (63.90)	Must Buy At 63—61	70	73—77+	58	Booked partial profit at 70 on 6^th Nov.
GUJFLUORO (329.55)	Must Buy At 325—315	355	365—375+	309	Booked partial profit at 332 on 27^th Nov.