20 June 2013

NIFTY FUTURE OPTION TIPS FOR TOMORROW

Buy IFCI 25 call @.50 tg 1.50,2.90 sl .20
Sell Tatasteel future below 270 tg 264,261 sl 275
NIFTY OUTLOOK FOR TOMORROW
The closing of the Nifty yesterday raised hopes in the minds of some market participants but  our prediction of upward move proved wrong ,bears were able  to pull index down to the level of 5655. Index slumped as European and Asian markets dropped after the Federal Reserve signaled that it may reduce the amount of monetary stimulus it provides as early as this year and on weak reading for manufacturing activity in China this monthIt shows that weakness has been crept in and will continue further.....
The high it made 5670 and a low of 5654 today.The next support, below 5700, would be at 5685. If this gets decisively violated we would probably see the index falling below 5630-level as well. It may or may not happen tomorrow  but it is quite likely that the Nifty will finally break 5610
More about intraday tips on google +
 RESISTANCE:5680, 5720,5760

SUPPORT:     5670, 5640,5610

2 comments:

  1. Hello,

    Currently Gold is trading @ INR 25420.00. What's your opinion about this rally? Will Gold sustain the level or break down further?

    Best Regards,
    DreamGains Financials

    ReplyDelete