11 October 2012

NIFTY TIPS FOR 12 OCT 2012

Buy IDFC future above 155 tg 157.80,159.90 sl 153.20
Buy LT 1700 call @20 tg 27,32 sl 11
Sell Nifty future below 5730 tg 5700 ,5670,5640 sl 5760
The call given  of JPASSOCIAT almost reached the second tg
NIFTY OUTLOOK FOR TOMORROW
Indian equity benchmarks gained one percent on Thursday ahead of Infosys earnings & industrial output data tomorrow, and on hopes of more reforms following clearance to direct transfer of urea subsidy. The index has finally crossed 5700  and closed near it..
. Tomorrow trading would be quite crucial for the index needs to recover and get past the zone between 5720-5750 on closing price basis. Any failure to do so would weaken the market even further. The above zone is likely to act as the key supply zone in the day’s trading and the bulls must be able to push it above the upper boundary on closing basis. Thus, we ought to watch the progress of the day’s trading very closely and it would be very heartening of we could see a close above 5780-level.
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RESISTANCE:5730, 5770, 5810
SUPPORT      :5660, 5610, 5550