27 June 2012

INTRADAY TIPS FOR 28 JUN 2012


BUY SUZLON FUTURE ABOVE 18.5 TG 19.2,19.9,20.6 SL 17.8


BUY NIFTY JULY 5000 PUT @ 50 AND BUY NIFTY JULY 5300 CALL @ 45


Index witnessed a range bound movement throughout the day. There was  no clear direction as such from today’s session. NIFTY started from 5149 and ended on 5141. Indian equity benchmarks erased half of gains in afternoon trade due to fall in Tata Motors and Reliance Industries. State Bank of India, ONGC and Bharti Airtel too were under pressure .The crucial Nifty levels to be monitored closely during the trading session tomorrow will be 5150-5170

Staying above 5170 would mean the market is gathering strength, and bulls would be firmly placed in the driver’s seat once again. However, levels beyond 5200-mark may not really happen on any sustainable basis till the expiry of the June series of derivatives.

On the way down, the most important support exists between 5097 . We continue to reaffirm that we do not expect the Nifty to fall below 5040 on closing price basis even in the event of a major sell-off while there is every possibility of strong demand surfacing for stocks around those lower levels in the index. It is still more of a buy-on-dips market.
You can also check for option
Resistance 1
5160
Support 1
5130
Resistance 2

5180
Support 2
5110
Resistance 3
5200
Support 3
5080




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