BUY
UNITECH FUTURE ABOVE 24 TG 25.5, 27.70, 28.90 SL 22.80
SELL
JP ASSOSIATES FUTURE BELOW 72 TG 76.20, 75.10, 74.50 SL 78.30
BUY
NIFTY 5200 CALL @40 TG 60, 85 ,100 SL 20
The
S&P CNX Nifty lost 37 points to settle at 5,205, its lowest level since 17
July 2012. The index hit an intraday high of 5,238.70. The Nifty hit an
intraday low of 5,197.50.
The
market had a start above 5200 but weakened
once again in afternoon trade as European stocks edged lower in early trade
amid lingering worries over Spain's rising borrowing costs. Volatility
continued as the market once again trimmed losses in afternoon trade......
The market weakened once
again in late trade.Such a probability does not
go away till such time the index falls below the 5200 – 5180 mark again. Thus,
any dip you get can be used as a buying opportunity for good stocks.
If the index manages to stay above the 5225-5250, it is most
likely headed higher. This is the key support area and the crucial range that
would determine the strength or the lack of it in the trading session. On the way up, once the Nifty crosses
5250 , going further up, the level of 5310 should be watched.
You can also check for option
You can also check for option
Resistance 1
|
5220
|
Support 1
|
5200
|
Resistance 2
|
5250
|
Support 2
|
5150
|
Resistance 3
|
5280
|
Support 3
|
5130
|
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