10 July 2012

INTRADAY TIPS FOR 11 JULY 2012

ICICI BANK CALL GIVEN ON 6 JULY HAS ACHEIVED ALL TARGETS ,LT CALL (LAST POST) MADE A HIGH OF 13 CONTINUE TO HOLD .FIRST TARGET ACHIEVED OF THE CALL GIVEN OF TATAMOTORS ,CONTINUE TO HOLD….
BUY HDFC ABOVE 683 TG 689, 694 ,699 SL 678
SELL NIFTY FUTURE BELOW 5340 TG 5310, 5280, 5250 SL 5370
BUY IFCL 45 CALL @.70 TG 1, 1,25, 1,50 SL .30
(BANKING COULD BE GOOD  TRADING BET FOR  TOMORROW)
Nifty  rallied more than 1% on Tuesday on strong European cues and addition of fresh long positions by traders after a consolidation phase started since last week.
The NSE benchmark gained 70.20 points at 5,345.35.The highest point the index touched was 5347 where as the lowest it made was 5289 in intraday trade............

The index closed above the 5340 -mark; however, its chart pattern appears to show signs of strength developing. We tend to think that the market is likely to move above 5380 tomorrow ,the hurdle in the way of index before it  cross 5400 . The outlook has turned positive again while resistance comes in at the 5,410+ level and support comes in at the 5,005 level.
However, once the level of 5250 is taken out on the downside—the probability of which is quite high for the day—you are likely to see lot of fresh selling pressure building up.
You can also check for option
Resistance 1
5350
Support 1
5310
Resistance 2

5380
Support 2
5280
Resistance 3
5420
Support 3
5230




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