10 April 2013

ROCKING OPTION CALLS AND NIFTY OUTLOOK

Buy TATAMOTORS 280 CALL @ 4 TG 5.50,7.8 SL 2.2
 TCS 1550 call given in last post rocks!!!!!!!!!!! All targets achieved.
NIFTY OUTLOOK FOR TOMORROW
As we have predicted in last post nifty had a support in the range of 5530-5550. It opened at 5536 but witnessed a volatile movement through out the day and ended the day at 5568. Now, even if we were to see a positive opening above the 5500-mark so long as the Nifty does not take out the most critical supply zone between 5530 and 5540 we can’t say that any corrective swing is in progress....
This zone is the bare minimum that the bulls would have to get past. Crossing this zone and sustaining above it is the first prerequisite for a corrective bounce back.In our view, even if we see any rally taking out this  zone, the Nifty is most unlikely to get past the range between 5570 and 5620 sustainably in any corrective rally from here on.

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RESISTANCE:5530,5560, 5600
SUPPORT:     5520, 5480, 5450

1 comment:

  1. Fabulous ideas! Have a safe trade and I wait for the post you update daily

    ReplyDelete