Tuesday, November 20, 2012

FUTURE OPTION TIPS FOR TOMORROW

Buy Tatamotors future above 268 tg 271,273.50 sl 264
Sell Sesagoa future below 163 tg 161.5,159.50 sl 165.70
Buy Axis bank 1250 call @10 tg 14.90,17.80(low risk call no need to put sl)
NIFTY OUTLOOK FOR TOMORROW
The Nifty ended almost unchanged for the day at 5,571. The index hit a high of 5,613 in intraday trade. The index hit a low of 5,548 in intraday trade.
One positive note that we can read from the Nifty price movement is that of the market turning a bit directionless at the moment. The index oscillated within a range of roughly 50 points between 5550and 5600before settling.....
The opening was also at 5577 a few points above the previous close.The Nifty is now expected to bounce till 5,631 before it heads lower for a target of 5,500 in the short term. As per our research and analysis as long as Nifty trades below 5644, bears targets are 5500. Bulls have to see a close above 5644 to terminate current bearish trend. Bulls can take the driver seat after a close above 5740.
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RESISTANCE:5600 5630, 5680
SUPPORT      :5590, 5550, 5530

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