24 September 2012

INTRADAY TIPS FOR 25 SEP 2012

SELL NIFTY FUTURE BELOW 5670 TG 5640,5610,5580
BUY RELIANCE FUTURE ABOVE 840 TG 854 869 SL 831
The calls given in last post ROCKS!!!!!!, the future  calls  of JPASSOCIAT and PETRONET achieved all targets, where as option call of IDFC reached almost first target.

NIFTY OUTLOOK FOR TOMORROW
The Nifty has been the best performing index in  last week The weekly chart shows a breakout above the critical 5630-mark. Unless the index decisively falls once again below this level on closing price basis for at least two consecutive sessions, we can expect the current upward momentum to continue....
The range between 5690 and 5720 would be very critical, this is the supply zone that the bulls would have to overcome. There is every possibility of fresh profit booking . The range of 60 points between 5680 and 5740 for the Nifty is unlikely to be crossed so easily even if on intraday basis you see it going above the zone. We suggest booking profits on short term positions if you get the Nifty between the above range.

 RESISTANCE:5690, 5710, 5740
SUPPORT      :5660, 5640, 5610

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5 comments:

  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
  2. 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
  3. 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
  4. 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