Nifty FUT Outlook & Trade Setup

nifty-futures

THOUGHT FOR TODAY  —————————— Smile And Say “Hello” In life you will meet many people. All are significant. They deserve your attention and care, even if all you do is smile and say “hello”.

Nifty Future

(Updated on 09-01-2013 at 07.40 AM)

We mentioned yesterday if market crosses over above 6032

then might go up to 6044-6055.

It could not crossover and made high at 6034.

5991-5884 support zone.

Break below 5978 may slide up to 5965-5936.

If not able to sustain then panic up to 5887-5870.

Hurdle for intraday @ 6022-6034.

Crossover above 3035 may rally up toi 6053.

6055-6070 strong hurdle.

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Intraday Share Tips Newsletter: Bank Nifty Sopt, LIC Housing & Ambuja cement

BANK-NIFTY

BankNifty Spot

12680-12630 Strong support zone.

Crossover 12742 May rally up to 12790-12822.

LIC HOUSING FIN

LIC Housing

Support at 280-282.

If holds then may rally up to 288-290.

Break below 280 may slide up to 274-272.

AMbuja

Ambuja Cement

Looks weak below 203.

Sell on rise.

Closing below 194 will confirm breakout below

symmetrical triangle which will take up to 181-175.

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Nifty Fut Out Look & Tips for 09 January 2013

nifty-futures

THOUGHT FOR TODAY 

——————————
The Divine Virtue of Accuracy
Accuracy is not just thinking about doing things perfectly or to set a standard. In spiritual terms, being accurate first requires that I be aware of the attitude. I need to create harmony in my relationships. If I inspire enthusiasm, trust and confidence in those around me, whether colleagues, friends or family, my own self-esteem and ability to get things right will also flourish.

Nifty Future

(Updated on 09-01-2013 at 08.20 AM)

Repeatedly written that 6055-6070 region is strong Resistance zone.

Market made efforts in several sessions but didn’t succeed

Crossover above 6006 Expect upside up to 6018-6024.

 

If Sustains above 6032 for 15 minutes then may rally up to 60444-6052.

6055-6070 is strong hurdle.

Break below 5980 with sustained trading may take up to 5957-5931.

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Rail travel gets costlier as fares hiked by upto 20%

In the first hike in ten years, Union Railways Minister Pawan Kumar Bansal on Wednesday increased passenger fares by upto 20 percent across the board.

 The new fare will be effective from January 21 midnight. Indian Railways is looking to raise Rs 6,600 crore through the fare hike.

The Rail Minister said that extra revenue earned through the fare hike will be used to maintain cleanliness and safety. He also said that the Railways is making efforts to meet safety requirements. The minister added that there will be no fresh fare hike in the Rail Budget.

As per the new fare chart, the following changes have been made in the passenger fare:

2nd class ordinary suburban- 2 paise per Km

2 class ordinary non-suburban- 3 paise per Km

2nd class mail express train- 4 paise per Km

Sleeper class- 10 paise per Km

Ac chair car- 10 paise per Km

Ac 2 tier- 15 paise hiked earlier and additional 6 paise now

Ac first class- 10 paise per Km hiked earlier, in addition 3 paise per Km now

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SKS Micro Recommended on 04th January 2013

SKS Micro

SKS Micro Recommended above 165 for

Target = 175-185  on 4th January 13.

This call hit the target very next day and made high at 184.

There is no miracle or magic

behind this but hard research

based on experienced technical expertise.

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GIPCL, WIPRO & JSW Steel Share Tips

GIPCL

Staged a strong breakout above 73-74.75 region.

If crosses over yesterday’s high at 76.30 with vol

then expect rally up to 78-79.60

Support at 73.

Wipro

Continues forming higher tops and bottoms.

Buyers zone at 402-405

No worry for bulls above 397.

May blast up to 314-317.

JSW Steel

Breakout with volumes seen

Buyers region 845-852

Above 831 Trend is long.

Target = 876-882

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