INTRADAY TIPS FOR 5 JULY 2012

BUY R COM FUTURE ABOVE 68 TG 72, 76 SL 64

BUY SBIN 2400 CALL @15 TG 24, 32 ,46

BUY GMDC  DELIEVRY ABOVE 196 TG 225, 250.

Nifty started  trading at 5311.50 on moderate volume. It could not   clear 5310 in intraday trade, at lower level it didn’t crossed 5275.

Nifty closed above the 5300 level for the first time since April 19, 2012 that rose 14.60 points to close at 5,302.Above 5300 would be bullish below it would be bearish for intraday swings.

On the way up, above 5336, resistance would be found at 5354, 5365 and 5376 levels. The last one would be a big hurdle even if there were to be a runaway rally. On the downside, below 5279, support is likely at 5266.It is
expected  that  Nifty will oscillate between 5319 and 5239 range during the day.

However, strong support is likely at any point within the range between 5266 and 5239 for the Nifty. Only a fall below the Nifty 5239-mark would signal serious selling pressure and not just minor profit taking.

 You can also check for option

Resistance 1	5310	Support 1	5280
Resistance 2	5330	Support 2	5260
Resistance 3	5360	Support 3	5230