12 July 2012


NIFTY FUTURE achieved all targets.
NIFTY 5200  PUT almost reached first TG.
RELIANCE 720 PUT made a high of 13.50
BUY PUNJLLYOD ( DELIEVERY )@57 TG 69, 74, 88 SL 48
BUY UNITECH FUTURE @25 TG 27.80, 28.90, 29.90 SL 23.90
A bout of volatility was witnessed as key benchmark indices cut losses after hitting fresh intraday lows in morning trade. Volatility continued as the market weakened once again after staging intraday recovery in mid-morning trade .The market extended losses in early afternoon trade.. Intraday recovery witnessed in mid-afternoon trade proved short-lived. The market weakened once again in late trade. Nifty started from 5240 ,there was a range bound session throughout the day while ended at 5235 in last.........
The deciding levels for the index  would be the small range between 5250and 5300—it were to trade below this range it would signal weakness to continue. And once the Nifty trades below 5240, it would suggest much greater probability of more selling coming in. In that case, we need to see how the major support zone between 5225.
On the way up, if the Nifty manages to get past and stay above 5300 then again the range between 5319 and 5336 would be the range to watch out for—this range is a formidable supply zone that we have been emphasizing for so long, and we have seen that it was not decisively crossed notwithstanding a close above this range the day before.
You can also check for option
Resistance 1
Support 1
Resistance 2

Support 2
Resistance 3
Support 3


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