Wednesday, 12 October 2011

Nifty Intraday Oct' 12th

Nifty Spot 
Buy at / above: 4987.89   Targets: 5003.05 - 5020.75 - 5038.47 - 5056.23 Stoploss : 4970.25
Sell at / below: 4970.25   Targets: 4955.11 - 4937.53 - 4919.97 - 4902.45 Stoploss : 4987.89



INFY was a great call for yesterday. We sincerely appreciate all your emails and notes.

Nifty has now become bullish and we expect it to touch 5130 within the next 2 days. Infosys results still worry us to a certain degree however Bank Nifty (9178) has now turned bullish and the next resistance comes in @ 9500 which could compensate for the heavy weights losses. LT and SBIN could show some promising and violent upmoves.
SBIN
Buy at / above: 1774.51   Targets: 1784.16 - 1794.74 - 1805.34 - 1815.98 Stoploss : 1764
Sell at / below: 1764   Targets: 1754.39 - 1743.93 - 1733.5 - 1723.11 Stoploss : 1774.51


CLOSE YOUR SHORT POSITIONS FOR THE TIME BEING. 

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