Nifty closed at around 5425 the first day of March series. Nifty rolled around 67 and Bank nifty at around 73%.Selling in Nifty from 5600 levels was majorly dictated by banking stocks. Highest Open interest is in 5500 call and in 5300 put. Nifty might trade in 5250-5650 in the short term. The Weighted average price for Nifty is at 5565 and Bank nifty at 10810.VIX might trade in the range of around 26.5 to 21.5 for the next 10 days.
Free Intraday Tips For 22 Feb 2012
Buy Gujarat NRE Coke at Rs 26.6-27.4, Stop loss at Rs 26.3, Target at Rs 28.6-30.5.
Buy Bank of India at Rs 383.6-393, Stop loss at Rs 380, Target at Rs 406.1-428.6.
Buy Oriental Bank at Rs 313.55, Stop loss at Rs 311, Target at Rs 320.
Buy Educomp Solutions at Rs 236.55, Stop loss at Rs 234, Target at Rs 243.
Buy Bharti Airtel at Rs 358.9, Stop loss at Rs 356, Target at Rs 365.
NIFTY,BANK NIFTY Outlook for this week 21-24 Feb 2012
Nifty: positive movement is expected in the Nifty till it holds above 5450. In the short-term, 5750 is expected to act as a strong resistance
Nifty F&O Calls on CNBC Awaaz
Nifty F&O Call: Sell with a 1-2 day target of 5500 (spot level) and stop loss of 5624 (spot level), says Rajendra Patel, technical analyst, on CNBC Awaaz.
Commodities trading levels for the week 20-24 Feb 2012
MCX GOLD APRIL
MCX Gold April as seen in the weekly chart above has initially moved lower, but found very good support at 27958 levels. Later prices moved sharply towards 28271 levels and finally closed sharply lower from the previous weeks closing levels.
Bank Nifty Futures For Monday 13-Feb
Resistance: It has first resistance close to the level of 10610 above this level the next resistance is seen near to the level of 10790.
Support: It has first support close to the level of 10280 & below this level the next support is seen near 10150 marks.
Nifty 5420 - 5530 levels 13-17 Feb 12
The Bulls continued to hold the fort as Nifty hits its highest level in 27 weeks during last week trade. In the process, index posted new swing low at 5320 which becomes immediate reference point for support.On the weekly chart the Index has formed
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