Friday, August 10, 2012

INTRADAY TIPS FOR 13 AUG 2012

BUY ITC FUTURE ABOVE 270 TG 273,277 SL 266

SELL DLF FUTURE BELOW 207 TG 202,200 SL 210


Index opened above 5300,but witnessed the range bound movement throughout the day slipped into red  by the end of the day to settle at 5320.
We expect a weak opening anywhere between 5320 and 5350 levels of the index. This is going to be quite crucial for the market for any failure to do so would unmistakably point towards the underlying weakness. We expect selling to come in once again if, for any reason, the index manages to cross level of 5350 .



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