30 October 2012

NIFTY TIPS FOR TOMORROW

Buy Nifty future above 5640 tg 5670,5700,5720 sl 5610
SBI strategy given  in  post  ,made a cumulative high of 100 today.
NIFTY OUTLOOK FOR TOMORROW
The index took support around 5640 for last two  consecutive days but  has  broken the support range between 5635 and 5620. Nifty fell 67 points to close  below 5600 level  at 5597 despite positive European cues. The RBI reduced cash reserve ratio the portion of deposits that banks are mandated to keep with RBI - by 25 basis points to 4.25.....
The market has been anticipating a rate cut and the negative sentiment is likely to pull the Nifty lower in the next few sessions.In the unlikely event of a total disappointment from the RBI front, the index is likely to test and probably pierce through the major support between 5600 and 5580and eventually test 5560.
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RESISTANCE:5610 5640, 5670
SUPPORT      :5610, 5590, 5560

6 comments:

  1. will the market come back to 5700 in this month... i am holding 5700 ce of this month . or shall sell it.

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  2. k sir there is no point in exiting now there is good chance that it can reach upto 60-65 there u can make an exit

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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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    Replies
    1. Thanks for your interest in nifty trading tips. For Call Put Tips u can Check option

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