12 July 2012

INTRADAY TIPS FOR 13 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
5250
Support 1
5210
Resistance 2

5280
Support 2
5190
Resistance 3
5300
Support 3
5150




2 comments:

  1. I’m typically to running a blog and i really respect your content. The article has actually peaks my interest. I am going to bookmark your site and preserve checking for brand new information.
    Regards
    share market tips

    ReplyDelete
  2. Stock market is known for its volatile nature and real nifty trading experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.

    ReplyDelete