6 August 2012

INTRADAY TIPS FOR 7 AUG 2012

WOW!!!!  First TG achieved of both the calls R POWER  and NIFTY 5300 CALL given in last post.
BUY TATAMOTORS  FUTURE ABOVE 230 TG 236,242 SL 225.
SELL NIFTY FUTURE BELOW 5280 TG 5310,5340,5370 SL 5250.
After a rather disappointing week, equities opened this morning on a strong note, showing no signs of a risk-off trade today.
The day started off with a strong gap up opening, but there was still no sign of profit booking coming in. Strong European markets also aided the market’s up move today.NIFTY jumped nearly 66 points to settle at 5282.Index made a high of 5293 and a low of 5260 in intraday trade.
Our circumspection about any such bullish move was right to the extent today.  Nifty  likely to see an opening anywhere between 5290and 5300. This is the key resistance level above which we are headed for Nifty 5300+ levels. However implausible that may seem from a fundamental point of view it would well become a reality if the index manages to decisively take out 5325 in the near term. Our circumspection about any such bullish move was right to the extent today. 
You can also check  INTRADAY TIPS
Resistance 1
5290
Support 1
5260
Resistance 2

5310
Support 2
5240
Resistance 3
5330
Support 3
5210

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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