20 November 2012


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)
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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