Buy Vijaya bank future above 44 tg 45.20,46.40 sk 42.80
Buy IDFC 115 put @ 2.50 tg 3.90,5.50 sl 1.20
NIFTY OUTLOOK FOR TOMORROW
Nifty lost 20 points to 5682, its lowest closing level since 15 April 2013. The index hit a high of 5685in and a low of 5645 in intraday trade. Short covering happened in a big way considering today being the settlement day for June series of equity derivatives. Now, if we are to see any real strength the Nifty should not fall below 5680 after opening higher. The range between 5650 and 5680, potentially the most significant support area, after the index opens higher, should not be violated....Sustaining above 5680 on good buying after the initial intensity of short covering tapers off would be the most important thing to watch out for. However, we ought to remember that if the index closes higher today especially if it closes much higher than yesterday’s levels so we expect more upward move. Supply pressure would start mounting as we see the index trying to take out 5660 mark. We see the maximum excursion possible up to 5700 – 5720 range for the day for this is formidable supply zone, which the die-hard bulls would have to overcome.
More about intraday tips on google +
SUPPORT: 5670, 5640,5610