9 August 2012

INTRADAY TIPS FOR 10 AUG 2012

SELL PANTALOONR FUTURE BELOW 155 TG 149,141 SL 161.
BUY LT FUTURE ABOVE 1415 TG 1440, 1480 SL 1388.
Nifty  opened at the level of 5348.Index hit a low of 5315 in intraday trade, it made a high of 5368 today and finally settled at 5322.The index closed below the 5350-mark after trading higher for a considerable part of the last session....
The end-of-day  bar of  trading gives us a hint of a probable corrective swing coming in shortly. This is but quite natural. A sustained campaign over 5350-mark would imply major bullishness developing in Indian market. Thus, some profit booking by the market participants here could well happen.

Immediately, the level of 5350  is a support and we need to watch if the Nifty holds itself above this level In fact, the range between 5360 and 5390 would act as a strong demand zone unless the sentiment turns very negative for any reason.
You can also check  INTRADAY TIPS
Resistance 1
5350
Support 1
5300
Resistance 2

5380
Support 2
5280
Resistance 3
5420
Support 3
5230


            

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