29 October 2012

MARKET EYE RBI CREDIT POLICY


STRANGLE STRATEGY FOR SBIN
BUY SBIN 2050 PUT @ 30 AND SBIN 2300 CALL @ 35
Our Nifty future short call given in last post has achieved First TGT. Keep reading for more....
NIFTY OUTLOOK FOR TOMORROW

NIFTY has been consistently in range of 5700 and 5720 since last seven eight trading sessions. Tomorrow RBI will be announcing credit policy with can help market to break this  range either side. Consensus expect CRR  and repo rate cut by another  basis point.
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RESISTANCE:5700 5740, 5790

SUPPORT      :5680, 5640, 5600

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