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

Tuesday, October 30, 2012

NIFTY LEVELS INTRADAY TREND ANALYSIS FOR OCTOBER 30 - TUESDAY

Nifty almost closed unchanged at 5665. So today the first resistance for nifty is at 5692-96. Next resistance ranges are at 5720-25,5758-63,5780-85,5815-20,5850-55,5888-93,5917-22 levels. On downside first support is at 5635-30 level. Next supports are at 5612-07,5580-75,5560-55,5524-19 level.For last few days market is hovering around 5650-5750 ranges so a be very alert.So today on upside be alert above 5725 and on downside alert below 5607 as chance are high for a negative trend below this level. Have a look at weekly trend.
Positional Support for NIFTY 5569 5526 5459 5357 5268 and positional Resistance for NIFTY is 5695 5703 .
Intraday Resistance of NIFTY are 5694.8/5719/5763.1/5783.2/5821.3/5859.5
Intraday Support of NIFTY are 5636.4/5612.2/5577/5557.3/5520/5482.9

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