NIFTY TIPS FOR 30 JULY 2012

BUY NIFTY FUTURE ABOVE 5140 TG5170, 5200, 5230 SL 5110.

BUY  IDFC FUTURE ABOVE 130 TG 134, 137 SL 126.

SELL INDIACOM FUTURE BELOW 77 TG 76.10, 75.20 SL 78.20
The S&P CNX Nifty surged 56.85 points to settle at 5,099.85, its highest closing level since 25 July 2012. The Nifty hit high of 5,149.95 in intraday trade, its highest level since 23 July 2012. The Nifty hit a low of 5,077.50 in intraday trade. The market tumbled for the third consecutive week as stocks fell across the globe on renewed concerns over debt problems in Spain and Greece. The domestic market also fell on concerns over deficient monsoon and delay in key economic reforms in India....
.Chances are we would see the Nifty opening between 5090 and 5120—this is the key resistance zone for the day for the index. Only if it were to clear this zone successfully, you can expect our market to ride piggyback the bullish international market movements. Till such time you see the market sustaining above it do not expect the recovery to sustain.On the downside, if the market starts falling again after testing the 5100-mark then watch out for initial support between 5100 and 5075.

You can also check  INTRADAY TIPS

Resistance 1	5130	Support 1	5070
Resistance 2	5160	Support 2	5040
Resistance 3	5200	Support 3	5000