22 July 2014


"Buy Nifty 7700 Call @ 95 Tgt 125/135 Sl 62"
"Sell IDFC Future Below 161 Tgt 159.20/157.60 Sl 162.90"
The Sensex rallied over 300 points in trade on Tuesday to end above its crucial psychological resistance level of 26,000. The Sensex has rallied 3% in over six days to become world's top performing index. Tracking the momentum in nifty future, the Nifty index also managed to reclaim its crucial psychological level of 7750, supported by gains in realty, power, oil & gas and realty stocks. Today nifty future started at 7715 made a high of 7773 and low of 7706 and closed 7770, total 67 points was played by nifty future. 
Overall market is in uptrend and health of the market is positive. For tomorrow, expected level for nifty future will 7800-7850. If this level will achieved by nifty there will be higher possibilities for the level 7900.At the other side if any down fall will be there in the market then, 7700-7680 will act as very good supporting levels for nifty. As we have suggested you to create longs at 7400-7450 levels in spot with a Stop loss of 7290 in spot (Closing Basis) for targets of 7900-8000 by mid-August.
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RESISTANCE: 7790, 7830, 7870
SUPPORT:  7750, 7710, 7670

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