Buy TCS 1550 call @ 20 tg 29.90,37.40 sl
11.20
In our view, it is quite likely
that we would see volatile price movements from tomorrow carrying it forward to
the next session as well.
The critical support area is located between 5540 and 5530 this demand zone is going to be very important for today for if it were to break down then support levels close to the Nifty 5500-mark could also be violated. The foregoing discussion is essentially throwing the key boundary zones as 5540 through 5532 on the downside while 5580 through 5590 on the upside.
NIFTY OUTLOOK FOR TOMORROW
Nifty shed 47 points to 5,495.10,
its lowest closing level since 13 September 2012. The index hit a low of 5,487
in intraday trade. The index hit a high of 5,603.05 in intraday trade. Index
edged lower after undergoing intraday volatility, with investor sentiment hit
adversely by data showing that foreign funds remained net sellers of Indian
stocks .This kind of a small range bound
trading is happening for the last two sessions this is a pause before a
wide-ranging day happens, which leads the market to resume its erstwhile
downtrend or post a corrective bounce back....
The critical support area is located between 5540 and 5530 this demand zone is going to be very important for today for if it were to break down then support levels close to the Nifty 5500-mark could also be violated. The foregoing discussion is essentially throwing the key boundary zones as 5540 through 5532 on the downside while 5580 through 5590 on the upside.
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RESISTANCE:5500,5520, 5560
SUPPORT: 5500,
5480, 5450
today nifty close on positive index of 5550 level, may hope nifty will cross 5600 level tomorrow, get active option call for trading
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