25 June 2012

INTRADAY TIPS FOR 26 JUN 2012


Our SBIN 2100 PUT Rocks!!  Two targets achieved in SBIN call given in our post nifty tips.
BUY TCS FUTURE ABOVE 1220 TG 1238 ,1247 ,1252 SL 1200.
SELL HINDALCO FUTURE BELOW 112 TG 108 SL 116.
 Index extended gains in morning trade., with  Nifty hitting 7-week highs. The nifty  pared gains after a sudden slide in mid-morning trade.
The market regained strength in early afternoon trade. Key benchmark indices pared gains in afternoon trade to hit the day's low .. The market reversed direction later as Reserve Bank of India's announcement of measures to attract greater foreign investment in government bonds and increase in the total amount that Indian companies can borrow by way of external commercial borrowing (ECB), fell short of investors' expectations. NIFTY reversed its gains in last hour of trade as less than expected measures announced by the Reserve Bank of India to curb rupee's slide have played a spoilsport today .Nifty started with 5158 points but ended at 5114 in the last.
If there were to be a recovery by the Nifty going beyond 5140, it needs to confirm that by getting past  5150 with good volume based buying support. However, to show real bullish strength and the onset of a fresh strong upward momentum, the index needs to clear 5175 firmly.


Going by the kind of resilience the index has shown in the recent past, we tend to think that bulls would not much of a problem pushing the index up again so long as it does not fall below 5070 on sustained. Until then range-bound scenario to continue while bulls retaining some advantage at current levels over the bears.
You can also check for option
Resistance 1
5170
Support 1
5080
Resistance 2

5220
Support 2
5050
Resistance 3
5270
Support 3
4970





1 comment:

  1. Thank's for your information. It's really nice and informative.

    ReplyDelete