Wednesday 21 December 2011

Stock Market Intraday Tips

Nifty DEC future: (4554) 4598-4608 crucial resistance, keep stop loss of 4640 to your shorts. Downward side it'll fall down to 4516 & 4494-4488 initially. Break below 4488 it'll crash down to 4385.
Upward side crossover above 4640 it'll surge up correctively to 4671 & thereafter to 4704, 4727 & 4742-4756. Crossover above 4756 it'll surge up further to 4805; overall go short keeping stop loss of 4840.


Bank Nifty DEC Future:
(7798) It'll fall down further to 7717 initially which is a crucial support to watch out for. Break below 7717 heavy fresh selling will drag it down to 7633, 7528 & 7358.
Upward side 7902 & 7975 solid resistances, keep stop loss of 7975 to your shorts. Crossover above 7975 it'll turn positive & surge up correctively to 8108 & 8170-8192 initially. Crossover above 8192 it'll surge up further to 8329-8350, book profit around 8350 & go short keeping stop loss of 8500.

No comments:

Post a Comment