25 September 2012

INTRADAY TIPS FOR 26 SEP 2012

BUY DISH TV FUTURE ABOVE 79 TG 81.90 83.40 SL 77.30
SELL ONGC FUTURE BELOW 282 TG 278,274 SL 286
STRANGLE STRATEGY IN PANTALOONR :
BUY PANTALOONR 220 CALL @2 AND PANTALOONR 200 PUT @2.50
NIFTY OUTLOOK FOR TOMORROW
Index opened near to 5700 but could not sustain there, weakness crept in as we noticed that nifty dropped 50 points today. As we predicted earlier, yesterday our given target of 5650 is almost achieved as nifty after hitting 5700 slipped to 5652 low...
Index must reclaim levels above 5690 to retain its strong bullish gumption, we would also have to keep in mind that the index should now not be violating the most critical support zone for the day between 5650 and 5610—this range of 40 points assume great importance if the Nifty were to retain its short term upward gumption. Falling below this support area, especially on closing price basis, would affect the current momentum significantly.

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RESISTANCE:5680, 5720, 5740
SUPPORT      :5640, 5620, 5610