28 December 2012

Market trend for Monday:31 Dec 2012

Buy Hindalco 140 call @2 tg 3.40,4.90 sl 1.3
Buy Ster future above 118 tg 119.9,121.8 sl 116
Sell  DLF future below 225 tg 221,217 sl 227
As we have predicted nifty crossed and strong close  above 5900 today. Monday being the last day of the year, will leave a hope for more upward move that nifty may see crossing 6000 very soon. Monday it needs to quickly recover to levels beyond 5910-5930 range. Only when it does that successfully we would be able to anticipate further upswing....
Unless we see the Nifty falling below this demand zone, the index is unlikely to cause any major concern. On the way up, above 5930, the levels bringing in supply would still be the same the range between 5930 and 5950. The index needs to stay above this range successfully to really clear the hurdle 5950. Beyond 5965 – 5970 when it goes we can expect it to test the major landmark target zone between 6000 and 6025.
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RESISTANCE:5900 5930, 5980
SUPPORT      :5850, 5830, 5800


  1. Hello sir,
    i m regular reader of your blog n likes this blog because of good calls included with the market trend

  2. nice blog post n very good calls keep it up