29 August 2012

INTRADAY TIPS FOR 30 AUG 2012


BUY MARUTI FUTURE ABOVE 1170 TG 1185 ,1200 SL 1150.
SELL HINDALCO FUTURE BELOW 104 TG 101, 99
BUY NIFTY FUTURE ABOVE 5300 TG 5330, 5360 SL 5270

The call given of JPASSOCIATS in last post almost achieved first TG ,made a high of 1.85 today.

NIFTY OUTLOOK FOR TOMORROW
Nifty fell 46 points  to 5,287, its lowest closing level since 6 August 2012. The index hit a low of 5,282in intraday trade. The index hit a high of 5,345 in intraday trade.The end-of-day daily bar chart shows that bears are covering their positions and our anticipation of the Nifty intraday movements had been bang on: the support range between 5300 and 5280 did work with the intraday low being 5282....
Indian share market is facing tough time, Nifty  dragged today ahead of global and domestic cues. But where there is a will there is a way  traders can make more short positions to earn good returns. Market is giving clear and simple directions towards the downside . . Below 5280 expect bears to dominate the scene In case the level 5260 is broken we might see the Nifty sliding below the 5240-mark. In that case, expect strong support to emerge between 5240 and 5200.
RESISTANCE: 5310, 5350, 5370
SUPPORT      :5270, 5240, 5200

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