7 August 2012

INTRADAY TIPS FOR 8 AUG 2012

The call given of  TATA MOTORS aceived first TG today and call of  NIFTY was not executed today .
BUY RELIANCE FUTURE @ 783 TG 799, 809, SL 777.
BUY IDFC 140 CALL @2.5 TG 3.6, 4.8, 5.9 SL 1.5
SELL TATASTEEL FUTURE BELOW 408 TG 401,396 SL 416
Indian equity benchmarks rallied 1% for the second consecutive session on Tuesday as traders added long positions ahead of monsoon parliament session.
NIFTY went up 54.15 points to 5,336.70.The Nifty has managed to close above the  level of 5300; While the sentiment has definitely improved with the new FM trying to reassure investors and promising a review of some major irritants like retro-tax that are still plaguing the investors. FIIs have become enthused by all this and pumped in fresh money; however, we need a lot of follow-on buying from here on to really take the index beyond 5350. Once this is taken out firmly the index would show a very strong bullish pattern. Till such time that happens we can just hope that things would turn out well.
However, as of now, going with the momentum the next target on the upside will be 3570
You can also check  INTRADAY TIPS
Resistance 1
5350
Support 1
5300
Resistance 2

5370
Support 2
5270
Resistance 3
5400
Support 3
5220


            

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