Yesterday, We Bought Nifty Future 5368-5381 for Targets 5427-5451
Still on this Long Position…
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Nifty Future
(Updated on 17-08-2012 at 07.50 am)
As mentioned here yesterday NF would face hurdle at 5421.
It went up to 5410 and then traded around 5485-5495
with lowest volume of the year.
Now for today…
crossover 5394-5399 will drive it to 5416-5421.
If sustains above 5421 then expect 5436-5452-5467.
5467-5482 is major hurdle zone.
5368-5360 is intraday support zone.
Trading below 5345 NF may slide up to 5328-5317.
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Cairn India
Godd support at 325-327
Crossover 331 with volumes see
blast up to 335-338
Container corp (CONCOR)
Buy around 938-943
Stoploss below 932.
Expect Target= 976-992
Recommended to remain long in
Reliance Ind,Reliance Infra, LT, Ster, REC,PFC,
Kotak Bank, HDFC, HDfc Bank,
cGrasim, Ambuja cement, JIndal steel,Dabur,
Yesterday we said:
to buy LT at 1437
and in minutes it touched 1454.
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Banknifty Spot
(Updated on 16-08-2012 at 08.10 am)
Above 10450 bulls will drive it higher.
10481-10457 good intraday support.
If trades above 10500 for 20 minutes then
grab it for target of 10586-10640.
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Nifty Future
(Updated on 16-08-2012 at 07.50 am)
As expected NF took support at 5355 and then
rose and closed above 5406.
We had written that if it took support between 5359-5352 and
trades above 5365 then it would see 5384-5397.
But on the back of a positive inflation figures market got a
boost and formed higher high at 5416.
Now for today…
5391-5382 is good intraday support.
Crossover 5421 with sustained volumes may add power and elevate NF
to higher at 5436-5452-5467.
5470-5482 is hurdle zone.
Grab above 5421 it may see 5436-5443 in minutes.
5350-5365 is good support for short term trend.
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BUY NF 5368-5386 and SL 5362 go for targets 5438-5462
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