12 September 2012


BUY ZEE L FUTURE ABOVE 170 TG 174.90,179.80 SL 167
SELL INDIA CEM FUTURE BELOW 82 TG 80.40,79.20 SL 83.90
BUY NIFTY 5400 CALL @ 85 TG 125 ,149 SL 55
ACC FUTURE call given yesterday achieved first TG and the call of given TCS  in last post  ROCKS !!!!!!!!!!!!!  Made a high and low exactly as predicted.

As we have predicted in last post nifty managed to cross the level of 5400 today and was able to sustain above this level throughout the day. Coming back to technical parameters, if the index manages to stay above the critical support zone for the day between 5430 and 5450 then the bulls would have no problem at all. Once this supply is absorbed, you can expect a move towards to 5500. The whole range between 5400 and 5500 would now act as a test for the bulls for this zone has the ability to nip the prospect of any major rally .

 RESISTANCE: 5440, 5460, 5500
SUPPORT      :5400, 5390, 5360

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