Guesstimate Nifty Spot

Nifty Spot

(Updated on 13-07-12 Time 07.40 AM)

Yesterday it penetrated intraday lower

support at 5292 as it opened gap down.

It also breached 5263 short term support zone.

Now for today…

Correction seems to be continue and below 5274-5285

Zone markets likely to remain under pressure for short term.

Below 5225 expect 5210-5191.

But buying support likely to emerge at 5200-5180 levels.

Trading above 5245 with sustained volumes likely
to elevate higher at 5262-5279 which is intraday
hurdle zone.

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Share Tips updated on 12-07-12 at 09.00 am

Infosys

Below 2444 plunge 2410-2390

and more up to 2310 may not be ruled out.

reliance-capital

Reliance Capital

Good support at 355-357.

Above 374 bulls dominate

Expect 384

Reliance Industry

Reliance Ind

Below 732 bear will takes control

Breakout below 721 will trigger

slide up to 712-710

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BankNifty Spot

BankNifty Spot

(Updated on 12-07-12 Time 08.20 AM)

Above 10650 no worry for bulls

crossover above 10713 will elevate it to

10758-10782-10803.

Below which slide up to 10610-10564-10525

If trades below 10525 with volumes

then expect 10467.

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Nifty Future Evenful day. Infosys, Tcs Result and IIP Nos

Nifty Future

(Updated on 12-07-12 Time 07.40 AM)

Below 5292 it may take NF to 5278-5263.

5255-5263 is strong support zone

If breaks below this with sustained volumes

then slide up to 5235-5224 not ruled out.

Trading above 5333-5348 for 15-20 minutes then

expect 5355-5363 levels

5355-5378 is major hurdle.

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Share Tips Updated on 11.07.12 at 09.00 am

TCS

1247-1254 good support above it favors bulls.

If trades below 1243 then slide up to 1230.

Torrent Power

Above 181 bulls dominate

175-177 are strong support.

Above 183 with sustained volumes

expect blast upto 185-188.

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Nifty Future with support and resistance on Jul 11, 2012

Nifty Future

(Updated on 11-07-12 Time 08.40 AM)

After remaining below range of 5340 and then

correcting by about 75 points it succeeded to

take out resistance level.

As indicated here above 5298 it sustained and

moved upward upto 5363.

Now for today…..

Nearby support is 5333-5322.

5320-5305 zone is strong intraday support.

It will show more strength above 5352-5360 and

likely to kiss 5378.

If stays above 5378 levels for 15-20 minutes

with volumes it may touch 5420.

If trades below 5296 then NF may see 5285-5878 levels.

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