26 October 2012

NIFTY TIPS FOR 29 OCT 2012

Tatasteel future above 404 tg 408,413 sl 398
Buy ster 105 call @2 tg 2.70,3.5 sl 1.50
Sell Nifty future below 5700 tg 5780,5760 sl 5725
NIFTY OUTLOOK FOR TOMORROW
Indian shares fell 1 percent in afternoon trade with the Nifty falling below 5650, weighed down by banking & financials, healthcare, oil & gas exploration and technology stocks. The narrow range bound trading band continues—the index has not yet given any clear signal for any directional move. Index witness a fell below 5650 today, which clears that bear are in action now.....
Monday’s critical levels are located between 5660 and 5680. The range between this levels  needs to be watched closely for an early indication if there were to be any possible weakness. In case, it stays below 5640 for any sustained period of time—say more than an hour—then even 5620 might also get broken and we could be headed for a test of 5600 .
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RESISTANCE:5690 5720, 5740
SUPPORT      :5650, 5630, 5600

2 comments:

  1. really a nice blog. thanks for sharing tip.

    ReplyDelete
    Replies
    1. Thanks Mr Vijay We would like to keep up to your expectations.

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