17 August 2012

INTRADAY TIPS FOR 21 AUG 2012

BUY POLARIS FUTURE ABOVE 124 TG 129, 134 SL 121.
SELL HDIL FUTURE BELOW 82 TG 79, 74 SL 84.
BUY NIFTY 5400 PUT @48 TG 68, 84 SL 24.
INDEX opened at 5365 in  morning, touched the 5400 but could not sustain there for a long. It traded very confusing today, index showed all the opposite conditions i.e. lost all morning gains to close flat . The level 5360 provided a good support throughout the day .Market will ope
n on Tuesday ,so nothing can be predicted about the direction exactly.
Trading is expected between the broad levels of 5310-5425. If the market breaches the level of 5395 on the upper side then the next resistance level will be 5425.
RESISTANCE:5390, 5420, 5460
SUPPORT:     5340, 5320, 5280

1 comment:

  1. Stock market is known for its volatile nature and real nifty trading experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.

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