10 December 2012

NIFTY TIPS FOR 11 DEC 2012

BUY NIFTY 6000 CALL @ 40 TG 66,79 SL 22
PANTALOONR 230 Put igiven in last postmade high of 9.6 continue to hold for tgt.

Nifty found good support at 5900,as we predicted the upswing continued today. It made a high of 5914 and a low of 5894 today. It  recovered from the day's low to provisionally end flat on Monday led by a rally in public sector banks
on hopes that legislation on banking sector reforms would be passed during the current session of parliament. The consequent changes would lead to the issue of new banking licenses. We expect that nifty to open above 5920 and can cross 5950 tomorrow.
RESISTANCE:5920,5950,5990
SUPPORT :      5890,5850,5830

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