BUY
SUZLON 20 CALL @ .60 TG 1, 1.20, 1.40.
BUY MARUTI
FUTURE ABOVE 1200 TG 1212, 1224, 1232 SL 1180.
SELL LT
FUTURE BELOW 1400 TG 1380, 1360, 1340 SL 1420.
Intraday
Market today on the very first day of the new week, new month started with a
flat note ,Indian
equity had flat amid a lack lustre trade on Monday as the market is looking for
a fresh trigger to extend rally. Nifty touched an intraday high of 5,302.5,
before closing flat at 5,278.
The Nifty is likely
to open positive on the back of positive
global cues. It is likely to trade in the range of 5,260-5,340. The trading strategy would be to create long positions if the Nifty takes support at around
5,270 levels for targets of 5,305 and 5,325. On the other hand, one can also
create short positions if it
resists at around 5,340 levels
In
any profit booking, we may see the index falling to test the 5255 – 5234 range.
This is the most crucial support for the Nifty in any major profit booking for
this is the range that is unlikely to be broken since we just had a breakout
above the 5200-mark.
Resistance 1
|
5290
|
Support 1
|
5270
|
Resistance 2
|
5320
|
Support 2
|
5240
|
Resistance 3
|
5370
|
Support 3
|
5220
|
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