Buy
JP Asssociats 47.50 call @1.50 tg 2.70,3.90 sl .80
The
call of Tatasteel given in last post
achieved all targets.
NIFTY
OUTLOOK FOR TOMORROW
Buoyed by the sentiment surrounding
international markets , the Nifty traded firmly in the green throughout the day and
ended at 6189 The moot point is whether it would sustain at those levels in our view, it appears likely. In any case,
staying above 6140 through 6150 the Nifty does show signs of initial bullishness.
If it manages to get past 6180 and stay above that by the time we would say
that bulls have won the battle.....
Coming to the Nifty, we need to see it
sustaining above 6100 for a minimum anytime during the day to show the first
signs of a recovery. The range that we need to closely watch today is located
between 6040 and 6080 this is going to act the key price zone that would tilt
the scales for the warring parties—the bulls and the bears.
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RESISTANCE:6130, 6170,6200
SUPPORT: 6090, 6080,6060
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