11 July 2012

INTRADAY TIPS FOR 12 JULY 2012

NIFTY FUTURE ACHIEVED ALMOST FIRST TARGET ,RAISE SL TO THE COST.
BUY RELIANCE 720 PUT @10 TG 15 ,18, 20 SL 5
BUY TCS 1400 CALL  @ 9 TG 19, 29, 33
The market edged lower in early trade on weak Asian stocks. A bout of volatility was witnessed as index trimmed initial losses to hit fresh intraday highs 5333    in morning trade .Weakness continued on the bourses in early afternoon trade. The market extended intraday losses to hit fresh intraday low 5303   in mid-afternoon trade. The  down fall witnessed today was due to weakness in the international arena following nagging Eurozone problems.............
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There is every possibility that market might once again clear the Nifty resistance level at 5335 even if it were to open lower.

On the way fresh resistance is likely to be meet between 5359 and 5383if the bulls want to carry the momentum forward. In case, this supply zone is taken out—pretty much improbable for the day—there would be another crucial resistance at 5407.

We do not anticipate any major fall in the Nifty below the 5300-mark; at the worst, 5283 might get retested. We continue to think this is a buy on declines market.
You can also check for option
Resistance 1
5325
Support 1
5300
Resistance 2

5360
Support 2
5280
Resistance 3
5400
Support 3
5260




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