NIFTY SUPPORT AND RESISTANCE(POSITIONAL) 1 Feb 2012Positional Support for #NIFTY 5188 5071 4996 4941 4905 4879 4833 4831 . Positional Immediate resistance for NIFTY is 5227
NIFTY TRADING STRATEGY and TIPS for TODAY 1 Feb 2012
Buy NIFTY FUTURES or NIFTY 5100 call OPTION with Stoploss of 5145 and targets in Intraday are 5275-5350 on nifty Feb future.
STOCK TIPS TODAY 1 FEB 2012:
BUY #JETAIRWAYS at 260-261 Stoploss 254 TARGET 268-275
BUY #AXISBANK PUT 1040 AROUND 33-36, Stoploss 25, TARGET 55 (1 WEEK)
BUY #M&M 682-683 Stoploss 665 TARGET 696-702
BUY #LICHSGFIN AT 251-248, Stoploss 242.50 CLOSING BASIS, TARGET 275.(HIGH RISK TRADE)
BUY #BAJAJAUTO AT 1620-1622 Stoploss 1599 TARGET 1645-1660
Sell #INFY AT 2716.7 Stoploss 2732.8 TARGET 2687.3-2677.4-2668.2
SELL #SBIN AT 2053 Stoploss 2075 TARGET 2040-2033
BUY #IFCI stock in between 28.5-28.8 with Stoploss of 27.5 TARGET will be 30.8, In feb series we expect this stock to rally upto 33.5
WANT JACKPOT CALLS today Fill the FORM given on left of Blog Or CLICK HERE !!
The Indian markets made a smart bounce back in last session to recover their losses of a day ago, the global optimism coupled with some good earnings announcements helped the markets to move higher. Banking and metal gauges were the most to gain for the day. Today the start is likely to be in green with markets extending their gains in the new month, however some profit booking at the higher levels too cannot be denied in later trade. The telecom stocks are likely to be under pressure as the Telecom ministry has issued show-cause notices to five private operators including, Bharti Airtel, Vodafone and RCom, for under reporting revenues, as per a special audit report, for assessment years 2006 to 2008. Tata and Idea Cellular have also been served notices by the Department of Telecom (DoT) which has given 21 days time to respond to the notices.
The US markets though ended mixed on the last trading day of January but managed to mark best January in 15 years, and S&P held above the psychologically important 1,300 level.
Crude oil prices erased all gains by the end of Tuesday’s session to settle on a flat note ahead of the release of the weekly US crude stockpiles data which were likely to show an increase in inventory. The oil prices got some support in early trades on the back of the depreciation in US dollar while sentiments also were positive,