2 November 2012

FUTURE OPTION TIPS FOR 5 NOV 2012

Buy Nifty 5800 call @40 tg 74,98 sl 19
Buy LT future above 1690 tg 1711,1734 sl 1659
Sell Bhartiartl future below 276 tg 273,269 sl 278.70
NIFTY OUTLOOK FOR TOMORROW
It was a good day for the Indian equities as index closed up 1%. The Nifty ended at 5,695.55. In all likelihood, we are going to see a strong opening above 5700-level on monday. In doing so, it would trade above the critical resistance zone for the day between 5700 and 5720....
In order to maintain the bullish tempo, the index needs to stay above this range  if it manages to do that then we are likely to see strong upswing in the day’s trading. Another very important supply zone is located between the Nifty levels of 5725 and 5750 the bulls need to take it out successfully to make further progress. However, once cleared firmly, this would act as a support range and help the Nifty move up even further.
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RESISTANCE:5700 5720, 5750
SUPPORT      :5680, 5650, 5630

7 comments:

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  2. Falling Rupee and Indian stock market is really bothering many investors and Nifty Future Tips traders however they should not forget still nothing is wrong with the Indian economy so they should take it as an opportunity to make fresh investments on lower levels.

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    Replies
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