10 December 2014


Buy SBIN 320 Call @ 7.50 Tgt 10.65/13.40 Sl 4.20
After a volatile day of trade, the market ended on a flat note.See-saw movement was there in market today. Continues up and down movement was there in nifty today. Nifty opened at 8318 made a high of 8376 and low of 8317 and closed at 8355, total 59 points was moved by nifty throughout the day. Most of the time nifty was consolidating between 8364-8336
levels. But nifty closed above 8350 so we are expecting that nifty will recover and come back to it’s comfortable zone of 8450-8500 level. But for that nifty have to cross the hurdles of 8370-8430 levels that only we can expect some good movement in nifty. For tomorrow 8420-8450 levels will act as higher resistance level for nifty and 8320-8300 will act as supporting levels for nifty.
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RESISTANCE: 8370, 8400, 8430
SUPPORT:  8340, 8310, 8280

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