18 July 2012

INTRADAY TIPS FOR 19 JULY 2012

BUY ICICI BANK 944 CALL OPTION@ 14TG 18,22,25 SL 9
BUY HINDUNILVR FUTURE ABOVE 450 TG 455, 461 SL 444

 A bout of volatility was witnessed as key benchmark indices bounced back and scaled fresh intraday high after sliding into the negative zone from positive zone in mid-afternoon afternoon trade. The market retained positive zone in late trade. The S&P CNX Nifty advanced 23.45 points to settle at 5,216, its highest closing level since 13 July 2012. The Nifty hit an intraday high of 5,222.85. The index hit a low of 5,169.05 in intraday trade, its lowest level since 28 June 2012....
As we have predicted in our last post, there was  a weak start today index gained strength in late trade which shows positive signs, we expect nifty to have a start above 5200 tomorrow. The range 5225-5250 would prove to be a hurdle to get crossed, if nifty sustain above 5250 for a long then it would prove as good recovery attempt.
You can also check for option
Resistance 1
5230
Support 1
5190
Resistance 2

5250
Support 2
5160
Resistance 3
5290
Support 3
5110


           


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