17 October 2012

INTRADAY TIPS FOR 18 OCT 2012

Buy HDIL 105 call option @ 2 tg 2.90,3.00 sl.90
Sell LICH below 251 tg 248,245 sl 253.90
NIFTY OUTLOOK FOR TOMORROW
It was a lack lustre session for the market today despite positive global cues. As the day progressed the market erased those gains and saw a consolidation for rest of the session. Indian Stock Market Today closed in Green i.e.at 5660. As down trend was witnessed today ,sentiments are weak for tomorrow....
If there were to be any downside then the levels between 5650 and 5620 would act as the first support level However, so long as the index does not take out the support between 5600 and 5625 range on closing price basis we would see the Nifty heading for levels.
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RESISTANCE:5670 5690, 5720
SUPPORT      :5650, 5630, 5580