13 February 2014

NIFTY OUTLOOK AND OPTION CALLS FOR 14 FEB 14

Buy SBIN future above 1525 tg 1546,1566 sl 1505
Buy BANKNIFTY 9900 put @ 100 tg 145,195 sl 78
 NIFTY OUTLOOK FOR TOMORROW
Nifty faced a downfall of nearly 90 points today,It started at 6089 and ended at 6001.
The bulls are still indecisive as shown by the dragonfly  candlestick pattern on the end-of-day chart of the Nifty. While any decisive fall below 6000  would signify fresh bearishness setting in. However, the next strong supply zone between 5990 and 5980would be another hurdle that the bulls would need to overcome....
Chances are we would see a lower close today despite a probable  opening around 6010.
More about intraday tips on google +
RESISTANCE:6000, 6030,6050

SUPPORT:     5990, 5960,5950

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