5 September 2012

INTRADAY TIPS FOR 6 SEP 2012

BUY TATASTEEL 340 PUT @7 TG 10, 13 SL 4
BUY HINDUNILVR FUTURE ABOVE 535 TG 541, 549 SL 528
BUY NIFTY 5300 CALL @54 TG 74,94 SL 25
The call given of IDFC in last post has  almost achieved first TG.
NIFTY OUTLOOK FOR TOMORROW
Weak global markets and worries about the economy rendered the mood bearish on the Indian bourses today. Resulting index ended the day in red that was trading in the red right through the session.  Negative global cues and selling pressure in IT stocks, stumbled nifty to red zone again and nifty after losing 22 points managed to close above 5000 mark  .The Nifty closed at 5223....
  Weak start by Asian market giving sign of weakness in the market again. Tomorrow if Nifty trades above 5245 mark, it may add some good points by the EOD. Traders are advised to start a position accordingly only after a breach in either side of 5000 . For tomorrow, immediate resistance for Nifty  comes at 5250-5270 levels. Above this, it will target its higher resistance area at 5300.
RESISTANCE: 5240, 5270, 5300
SUPPORT      :5200, 5190, 5170

3 comments:

  1. Your stuff about Share Market Tips is really good.. thanks...

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  2. Stock market is known for its volatile nature and real nifty trading experts are those who can still earn from it. Stock market trading offers great returns but traders should be or should become capable enough to grab those opportunities.

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  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.

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