INTRADAY TIPS FOR OCTOBER 29-10-2012 MONDAY

SCRIP

ACTION

TRIGGER

TARGET 1

TARGET 2

STOPLOS

ALLCARGO

BUY

131.50

133.25

136.00

130.00

IDFC

BUY

157.00

158.50

160.60

155.50

Sunday, July 24, 2011

INTRADAY TREND ANALYSIS FOR 25 -JULY, MONDAY

It was a sudden up move for the market on Last trading day of the week and Nifty ended with very positive note due to firm global cues. Nifty could able to cross 5600 mark and with a gain of 92.35 point, closed at 5633.95. Though it was a good move but it can not said to be breakout for the market to catch the rally. Global concerns are still there and market may take even reverse move from here.
Futures derivative of NSE Index also rose up by 97.40 points and finally settled at 5641.60 .
Technically first crucial resistance is likely to fall near 5670 above which Nifty futures may test levels like 5690-5720. Below 5600 it may fall down to 5570 mark.

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