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.
. 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.
Resistance 1
|
5170
|
Support 1
|
5020
|
Resistance 2
|
5200
|
Support 2
|
4950
|
Resistance 3
|
5270
|
Support 3
|
4890
|
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