MARKET EYE RBI CREDIT POLICY

STRANGLE STRATEGY FOR SBIN

BUY SBIN 2050 PUT @ 30 AND SBIN 2300 CALL @ 35
Our Nifty future short call given in last post has achieved First TGT. Keep reading for more....

NIFTY OUTLOOK FOR TOMORROW

NIFTY has been consistently in range of 5700 and 5720 since last seven eight trading sessions. Tomorrow RBI will be announcing credit policy with can help market to break this  range either side. Consensus expect CRR  and repo rate cut by another  basis point.

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RESISTANCE:5700 5740, 5790

SUPPORT      :5680, 5640, 5600

INTRADAY TIPS FOR 23 AUG 2012

SELL R POWER FUTURE BELOW 84 TG 82.20, 80.50 SL 86

BUY ICICI BANK FUTURE ABOVE 980 TG 986, 992 SL 971

BUY RELIANCE 820 CALL @ 7 TG 9, 11 SL 4
The call given in last post of   ITC achieved first TG and  JPASSOCIAT made a high of 1.1 today.
After a weak start due to weak Japanese trade figures and low close of  US market, the level of 5420 provided a good support to the index. As we have predicted in the last post the bullish trend continued  today, but couldn’t make it cross level 5450....

INTRADAY TIPS FOR 22 AUG 2012

BUY IDFC FUTURE ABOVE 145 TG 148, 152 SL 142

SELL ITC FUTURE BELOW 262 TG 260, 257 SL  264

BUY JPASSOCIAT 80 CALL @ .70 TG 1.9, 2.9

Huge gush of liquidity propelled the rally in Nifty on Tuesday, a day after a big weekend. Nifty surpassed the 5400 level quite nicely in late trade, for the first time since March 16, 2012, which rose 54 points to close at 5421......