SELL STER FUTURE BELOW
94 TG 91,50,89.50 SL 96
The range beyond 5450 has been very thinly traded for more than a year thus expecting the cruise mode to continue beyond the 5450-mark would be a tall order especially since we have not shown any major improvement in the domestic terrain . One needs to be more careful because any news flow like the QE3 announcement would push the market up in the short term, probably to 5500.
RESISTANCE: 5440, 5470, 5490
BUY NIFTY FUTURE ABOVE
5450 TG 5480,5510,5540 SL 5420
BUY JPASSOCIAT 75 CALL
@ .50 TG 1.20,1.90
NIFTY
OUTLOOK FOR TOMORROW
The index has moved up for the last six
consecutive sessions without a down day. Very volatile movement was noticed
today, index opened higher then turned into red for while again gained pace to
further end in green i.e.at 5435. The possibility of
its crossing 5450is very certain. The range 5450-5470 is a critical support range to
be monitored...
The range beyond 5450 has been very thinly traded for more than a year thus expecting the cruise mode to continue beyond the 5450-mark would be a tall order especially since we have not shown any major improvement in the domestic terrain . One needs to be more careful because any news flow like the QE3 announcement would push the market up in the short term, probably to 5500.
RESISTANCE: 5440, 5470, 5490
SUPPORT :5420,
5400, 5390
As per Federal bank technical research report one should go short in
ReplyDeletethis counter. Federal bank is looking quite weak at current level and is expected to
fall further. Positional traders can go short in Federal bank from current level for
good gains.