28 June 2013

NIFTY OUTLOOK AND OPTION CALL FOR MONDAY

Vijaya bank future call given yesterday hit first target today.
Buy SBIN 2000 call @ 45 tg 69,91 sl 21
NIFTY OUTLOOK FOR TOMORROW
Our prediction of nifty opening and sustaining above 5700 has turned true today. Nifty opened near 5774 touched a high of 5849 and low of 5770 in intraday trade. There is likely to be another big jump in Monday’s  opening i.e. will open near 5800...
As it stands now, the level of 5821 is very critical for the day if we see large gap up as expected above this level. If the bullish tempo is to be maintained then the index should not fall below this level in any decisive manner. If the Nifty were to go down and settle below 5750 , after opening higher, we would have to accept that it has not cleared 5710. In the short run, we need to see a higher high than 5870 and a close above 5850 to suggest that a possible intermediate uptrend  consistent.
More about intraday tips on google +
 RESISTANCE:5750, 5800,5860

SUPPORT:     5740, 5700,5650

14 comments:

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