13 August 2012


BUY LT FUTURE ABOVE 1430 TG 1450,1470 SL 1400
SELL INDIACEM  FUTURE BELOW 85 TG 83.40 ,82.10 SL 86.50
BUY JP ASSOCIATES 80 CALL @.80 TG 1.8, 2.9
Nifty  settle at 5,347 , its lowest closing level since 6 August 2012.Nifty hit high of 5357, in intraday trade. The Nifty hit a low of 5,294 in intraday trade.

The index has closed at  critical resistance 5347; it needs to sustain above this level. If this range is taken out on the downside then you will find the index falling below even the 5300-mark.  Either the index clears the range between 5345 and 5375 and stay above  as well to consolidate the gains. Bullish trend is witnessed during last trading sessions the  selling pressure arises at  level of 5400  ,one  can sell nifty below 5400. 
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