30 August 2012

INTRADAY TIPS FOR 31 AUG 2012

BUY JP ASSOCIAT SEP CALL @ 1.4 TG 2.90, 4.20 SL .60
BUY CHAMBLFERT FUTURE ABOVE 65 TG 68, 71 SL 63
SELL AXIS BANK FUTURE BELOW 1015 TG 1000, 989 SL 1027

The call of NIFTY 5300 SEP PUT IN POST made a high of 100 today,  and call of JPASSOCIAT given in post achieved all TG!! Hope u have booked profits.

NIFTY OUTLOOK FOR TOMORROW
The Indian market ended on an optimist note in an otherwise dull day of trade. Nifty  shot up to close above 5300 mark in last one hour of trade recovering nearly 60 points from day’s low. The recovery was led by realty and banking stocks. The low 5265 ,index hit in morning session where peak point 5332 was touched in late trade....
New series is expected to start with positive note. So long as  recovery attempt taking the index beyond the levels of 5320 and sustaining it there—do not bank on the bulls attempts to stay long in this kind of a market. Only with a close above 5350, bulls can hope to turn the tide in their favor.
RESISTANCE: 5340, 5370, 5400
SUPPORT      :5270, 5230, 5170

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