13 September 2012

INTRADAY TIPS FOR 14 SEP 2012

SELL STER FUTURE BELOW 94 TG 91,50,89.50 SL 96
BUY NIFTY FUTURE ABOVE 5450 TG 5480,5510,5540 SL 5420
BUY JPASSOCIAT 75 CALL @ .50 TG 1.20,1.90

NIFTY OUTLOOK FOR TOMORROW
The index has moved up for the last six consecutive sessions without a down day. Very volatile movement was noticed today, index opened higher then turned into red for while again gained pace to further end in green i.e.at 5435. The possibility of its crossing 5450is  very certain. The range 5450-5470 is a critical support range to be monitored...

The range beyond 5450 has been very thinly traded for more than a year thus expecting the cruise mode to continue beyond the 5450-mark would be a tall order especially since we have not shown any major improvement in the domestic terrain . One needs to be more careful because any news flow like the QE3 announcement  would push the market up in the short term, probably to 5500. 


 RESISTANCE: 5440, 5470, 5490
SUPPORT      :5420, 5400, 5390

1 comment:

  1. As per Federal bank technical research report one should go short in

    this counter. Federal bank is looking quite weak at current level and is expected to

    fall further. Positional traders can go short in Federal bank from current level for

    good gains.

    ReplyDelete