6 November 2012

INTRADAY TIPS FOR 7 NOV 2012

Buy Jpassociat future above 89.50 tg 91.70,92.90 sl 88.10
Sell Tatasteel future below 400 tg 394,388 sl 407.50
Buy Nifty 5800 call @65 tg 89,102 sl 52
NIFTY OUTLOOK FOR TOMORROW 
It was another lack lustre session for the market this week and the volumes too was less ahead of US event.There is not much change in the outlook of the Nifty from what we said yesterday ....
The bias of the Nifty movement, from the technical point of view, is still positive but upward momentum indicators have got a bit hinged signifying some tapering off. The bulls need to decisively push the Nifty beyond 5715 to show fresh upward movement  while the bears must push the index down below 5660 to signal sustainable weakness. Only when we see the Nifty getting past 5740 we can expect fresh upswing taking place.
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RESISTANCE:5700 5720, 5750
SUPPORT      :5680, 5650, 5630

2 comments:

  1. nice blog.i m regular reader of it,this helps alot to me for planning about next day

    ReplyDelete
  2. thanks rupal We try to post Nifty Tips as early as possible to help u plan

    ReplyDelete