30 January 2014


"Buy Hindalco 105 Put @ 2.5 TGT  3.9/5.40 SL 1.10"
"Buy Nifty 6200 Call @64 TGT 84/100 SL 48"
 Nifty future was range bound today. Nifty future made  a high of 6,078 and a low of 6,025 .Except for the market participants showing continued  indecision, the outlook remains the same even for tomorrow  we need to watch if it manages to get past and stay above 6080 – 6100 supply zone firmly to signal some kind of a recovery or else it may slide down and  take out 6020 to head further down....
Technical position still remains range bound  but going by the late recovery in banks in the last session and the international cues being quite positive there could be a recovery tomorrow but first it must fulfil the above condition .
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