21 November 2012

NIFTY TIPS FOR 22 NOV 2012

Buy Nifty 5600 call @50 tg 74,94 sl 23
Axis bank 1250 call achieved its first target.
NIFTY OUTLOOK FOR TOMORROW
Indian equities gained strength in the last hour of trade on Wednesday despite listless trade in global peers. Nifty closed above the 5600 level for the first time in last four sessions after seeing the consolidation with a negative bias since last week.....
The index rose 43.25 points to close at 5,614.Immediately, we need to monitor the level of 5650 tomorrow for it ,this is the most crucial level, on the upside, to start with. Once we see that 5650 is taken out then the next critical range would be between 5680 and 5700.
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RESISTANCE:5650 5680, 5700
SUPPORT      :5630, 5600, 5570

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