Nifty Analysis: 18-JUNE-2010

Nifty Analysis: 18-JUNE-2010

DATE	18-Jun-2010
LAST TRADE PRICE	5,257.95
DAY OPEN	5,274.95
DAY HIGH	5,302.30
DAY LOW	5,245.50
PREVIOUS DAY CLOSE	5,274.85
CHANGE	-16.90
% CHANGE	-0.32

It was volatile session, based on shot covering, profit booking and Reliance Group News.

Nifty to face tough resistance in the 5300-5320 Zone.

Strategy Next Week:

1. Buy JUNE Nifty around 5190 - 5220, for a target of 5300 - 5320. SL 5150.

Nifty Analysis: 16-JUNE-2010

Nifty Analysis 16-JUNE-2010

Nifty Spot: 5,228.15 High: 5,255.65 Low: 5,214.90

Nifty Future: 5,223.50 High: 5,249.45 Low: 5,211.00

Today was a Volatile Session based on good global outlook and negative TAX CODE news.

Market is showing sign of exhaustion, you can remain long on Nifty as long as Nifty SPOT holds 5200 and Future 5190 for a target of 5280 / 5300 / Higher.

Strategy for 17-JUNE-2010.

1. Buy Nifty Above 5220 / SL 5190 and buy Nifty JUNE 5200 Put 46.40 for a target of 5280 / 5300 in coming 2-3 days. If SL is triggered cover the Put around 5154.

2. Buy Nifty Above 5220 / SL 5165 and sell Nifty JUNE 5300 Call 19.90 for a target of 5280 / 5300 in coming 2-3 days.

Feedback is highly appreciated.