26 June 2012

INTRADAY TIPS FOR 27 JUN 2012


First target achieved of  call given of TCS and HINDALCO call given was not executed today.
BUY ONGC 280 CALL @ 1.5 TG  2.2, 2.8 ,3.4
SELL NIFTY FUTURES BELOW 5130 TG 5100 ,5080,  5050 SL 5160.

It was completely a range bound session for the Nifty today as the market took its time to digest lower than expected measures announced by RBI yesterday to curb rupee's slide and weak global cues..........
. The market may still be hoping that the government may announce more measures going ahead to give a boost to sluggish economic growth.
NIFTY moved up 6.15 points to 5,120.80 after hitting an intraday high of 5,134.55 and low of 5,095.50.In coming session 5090 is the immediate and crucial support for the nifty, if nifty slips below 5090 then selling pressure may be seen that may push nifty to 5000 mark where  5040 is the intermediate support level. While in upside 5140/5170 are immediate resistance level while 5200 is the crucial resistance level above 5200 mark bullish rally is likely to seen.
Nifty  is tide in  narrow range of 5090-5200 level, the coming  trend will be decided only if nifty break this zone. Intraday traders can take long position till nifty holds 5090 mark with strict stop loss while positional traders are advice take position on the breakout of 5090-5200 zone.
You can also check for option
Resistance 1
5170
Support 1
5020
Resistance 2

5200
Support 2
4950
Resistance 3
5270
Support 3
4890

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