24 July 2012

INTRADAY TIPS FOR 25 JULY 2012

The market may remain volatile this week as traders roll over positions from the near-month July 2012 series to August 2012 series. The July 2012 derivatives contracts expire on Thursday, 26 July 2012. The market opened weak today, closed with moderate gains in the end hitting the low of  5111 in late trading session.....

 We can expect a pullback rally from here unless the level of 5100 for the index is seen  getting broken on heavy selling. Immediately ,on the way up, the level  5147 will act as a serious hurdle. Any close above the level of 5186 would mean strength starting to come back again; however, any failure to do so makes the market vulnerable for fresh wave of selling.

You can also check  INTRADAY TIPS

Resistance 1
5135
Support 1
5115
Resistance 2

5150
Support 2
5100
Resistance 3
5180
Support 3
5075

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