23 November 2012

FUTURE TIPS FOR 26 NOV 2012

Buy RCOM future above 64 tg 65.70,66.90 sl 63.20
Sell JPASSOCIAT  future below 89 tg 87.90,86.50 sl 90.50
The call given of ICICI achieved first target.
NIFTY OUTLOOK FOR TOMORROW
Indian equity benchmarks continued to trade lower due to weakness in ITC and HDFC Bank. Nifty was down 32 points to 5,595. The index hit a high of 5,637. The index hit a low of 5,593.60 in intraday trade.....

The index is moving up in small increments however, we still need to get past crucial hurdles. The bulls are a bit undecided at the current levels they are not buying as strongly to get past the supply zone between 5640 and 5660 this would be the most critical range on the upside. Only when you see it getting past this zone comfortably, we would get the signal that bulls are sort of getting back their grip on the market failing which listless movement despite the positive bias will continue.
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RESISTANCE:5660 5690, 5720
SUPPORT      :5650, 5630, 5600

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