Buy IDFC 180 call @ 2.70 tg 4.20,5.90 sl 1.50
Buy Nifty 6100 put @50 tg 74,89 sl 31
NIFTY OUTLOOK FOR TOMORROW
Nifty advanced 55.30 points to 6,074.65, its highest closing level since 21 January 2013. The index hit high of 6,080 and low of 6,014 in intraday trade.
We need to monitor the initial supply zone between 6070 and 6100—unless this range is cleared on the back of sustained buying, we are unlikely to see any of a recovery that is well worth talking about ....In case of a failed attempt to clear the 6080-mark decisively, expect selling pressure to mount again and the market to fall below even the 6000-mark. The first support level below 6000 is at 5988. Going by the medium term deterioration of the bullish momentum on the oscillator charts, we expect the Nifty to eventually fall below this levels as well. We tend to think that rallies, henceforth, is better utilized to lighten the long positions taken for the short and intermediate term for this correction could well be taking at least couple of weeks or even more.
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RESISTANCE:6060 6080, 6100
SUPPORT :6000, 5980, 5920