1 January 2013

FUTURE TIP FOR 2 JAN 2013

Buy ICICI BANK future above 1170 tg  1184,1196 sl 1159
Hindalco call given in post almost achieved first target.
NIFTY OUTLOOK FOR TOMORROW
The market began the calendar on an upbeat note, as sentiment was boosted by the fiscal deal in US .Nifty advanced 48  points  to settle at 5,950 , its highest closing level since last two years.. The index hit high of 5,963 and a low of 5,935 in intraday trade. The index would open gap up and try to clear the resistance around 5920....
However, for the day, we need to monitor the levels around 5950 and then 5970 for upside resistance . If the Nifty manages to get past range of 5960 – 5970 range. Once this is decisively taken out we can expect a dash towards the landmark figure of 6000.
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RESISTANCE:5930 5970, 5990
SUPPORT      :5880, 5850, 5800

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