18 June 2012

NIFTY TIPS FOR 19 JUN 2012

Market knocked out by monetary policy !
After a good start above 5140 nifty dropped below 5050 at the end of the day.The pro-bailout parties eked out a slim majority in Greece's election. The outcome sparked off a rally in the morning. However, the monetary policy shocker  hit badly Indian market. The frontline indices fell off a cliff, with banking stocks leading the fall. The renewed fears about Spain only added to the woes.


TIPS FOR 19-06-12


BUY NIFTY FUTURE ABOVE 5080  TG 5110 ,5140,5170 SL 5050 .
BUYTATASTEEL 420 CALL @ 9 TG  14, 17, 20
SELL CAIRN INDIA FUTURE BELOW 325 TG 315 SL 332

The Reserve Bank of India defied widespread expectations......
and left interest rates and the cash reserve ratio unchanged. Investors in equities and corporate India were disappointed on the outcome of RBI policy meet. And consequently equity markets lost all the morning gains and went deep into red. Nifty  dropped by  74.80 points to close at 5,064.25
For Nifty the major resistance is there at 5,098 above it can move towards 5,155 levels and on the other hand the support is there at 5,041, 5,006 and 4,982 levels. Fitch Ratings cut its credit outlook for India to negative from stable and this move will have a negative impact on our markets tomorrow.

You can also check for option
Resistance 1
5140
Support 1
5010
Resistance 2

5200
Support 2
4960
Resistance 3
5270
Support 3
4900


2 comments:

  1. nice post it has guided to plan next day,keep giving such calls

    ReplyDelete
  2. good article,rend and calls within it helped a lot.

    ReplyDelete