17 September 2012

INTRADAY TIPS FOR 18 SEP 2012

BUY RANBAXY 520 PUT@8 TG 12,17 SL 3.50
BUY JPASSOCIAT 80 CALL @1.10 TG 2.70,4.20 SL .40
NIFTY OUTLOOK FOR TOMORROW
Bulls are in action now, as we have predicted index has not only crossed but also sustained above 5600 today. In all likely hood we will see nifty making a new high above 5650 in coming sessions.  We need to monitor if the Nifty manages to stay above 5650 even if it moves to levels higher than. However, if it really succeeds then the target would be 5680-5700. This would be a very tough hurdle to overcome at the first instance for this is likely to act as a strong supply zone.

 RESISTANCE:5630, 5650, 5710
SUPPORT      :5580, 5530, 5510

9 comments:

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  9. BANK NIFTY TREND- BEARISH
    RES1:11130 RES2:11300
    SUPP1:10830 SUPP2:10600
    STRATEGY- SELL ON HIGH

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