12 February 2013

OPTION CALL PUT TIPS FOR TOMORROW

Buy Reliance 880 call @17 tg 24,28 sl 11
Buy IBrealest 70 put @ 2 tg 3.60,5.20 sl 1.20
NIFTY OUTLOOK FOR TOMORROW
Nifty had a low start but ended in green by gaining 24 points at 5922.While the index moved in a fairly narrow range throughout the day, its technical pattern on the daily bar chart shows it is not in any comfortable position. We need to watch out for is the range between 5930 and 5940—this is the first critical supply zone the bulls need to overcome and take Nifty forward....
They would be in a very comfortable situation if they manage to push the index upwards and make it close above 5970. However, as of now, that’s look like a tall order.On the other hand, if there were to be a failure swing that does not take the Nifty beyond 5932 and sustain it above the level then expect selling pressure to build up further. More about intraday tips on google +
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RESISTANCE:5950 5980, 6000
SUPPORT      5900, 5850, 5820

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