Monday, June 20, 2011

UPDATES FOR JUNE 21 2011

JUNE 21 TUESDAY


NIFTY OUTLOOK


Nifty broke crucial support yesterday of 5347

Markets cld fall in the first hour of trade on talks


between Mauritius and India on tax agreement .


Intraday Long is recommended only if nifty sustains above


5312


NIFTY SPOT


SUPPORT 1 5176 , SUPPORT 2 5095


RES 1 5358 , RES 2 5458


NIFTY FUTURE


SUPPORT 1 5171 , SUPPORT 2 5078


RES 1 5368 , RES 2 5372


BANK NIFTY


SUPPORT 1 10349 ,SUPPORT 2 10195


RES 1 10643 , RES 2 10784


TRADING CALLS


Sell Nifty around 5302 to 5330

stop loss 5378

Target 5210 / 5180


Buy Bharati Future Between Rs 383 to 385


stop loss 378


Target 394/ 96


Buy KTK Bank between Rs 116 to 118


stop loss 113


Target 124/ 25


Buy IDEA between 77 to 78


stop loss 75


Target 81 to 82.