11 September 2012

INTRADAY TIPS FOR 12 SEP 2012

BUY ACC FUTURE ABOVE 1362 TG 1374,1389 SL 1350
SELL TATASTEEL FUTURE BELOW 375 TG 368,361 SL 383
BUY TCS 1400 CALL @ 24 TG 39,57 SL 11

NIFTY OUTLOOK FOR TOMORROW

The bulls are showing signs of being a bit tired and indecisive; the Nifty finished just marginally higher near to 5400.As Nifty is inching towards 5400, experts hope that the Fed Reserve meeting scheduled this weak is likely to uplift sentiments....
On the way up, 5390 would act as the initial hurdle, the next resistance is likely between 5400 and 5420.Any close above this level now would mean a real fillip for the bulls.
We suggest caution. Do not commit too much on either side just now and keep small positions as the international events have the ability to produce big swings on either side.

RESISTANCE: 5400, 5430, 5480
SUPPORT      :5360, 5310, 5280

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