28 August 2012

INTRADAY TIPS FOR 29 AUG 2012

BUY ITC FUTURE ABOVE 269 TG 272, 275 SL 267
BUY IDFC FUTURE ABOVE 138 TG 141.50 ,144.60 SL 135.20
BUY JP ASSOCIATS 65 PUT@ .90 TG 1.90, 2.50 SL .40

The call given of  YES BANK FUTURE  in the last post almost achieved first TG  and that of NIFTY 5300 SEP PUT made a high of 73 today.

NIFTY OUTLOOK FOR TOMORROW 
Nifty could not manage to sustain above  the level of 5350, due to global issues weakness crept in and  continued throughout the day.  The index hit a low of 5,312 in intraday tradeThe index hit a high of 5,359 in intraday trade.Signs are quite ominous......
The index is likely to slide further unless it manages to get past and stay above 5380-mark We are likely to see the index breaching even the 5300-mark. Next line of demand support comes in at our all too familiar 5280-region, the range between 5280 and 5250 is another strong support area. With the Parliament in session and the prospect of impending economic legislations getting enacted becoming dim, you can expect the investors getting more cagey once again leading to a lack of buying support for the market.

RESISTANCE: 5350, 5380, 5400
SUPPORT      :5310, 5280, 5240

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