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Thursday, 16 May 2013

NIFTY FUTURE VIEW

NF will open flat (6155-6166)
Buyer will enter 6136-6145 for targets 6176-6188
Suppose to crossover 6185 and stay above it for more time…then 6208-6225 very soon.
Weakness is only below 6084 below…therefore, go long in deep…!!!
nifty-rbi
Nifty closed up 151.35 points at 6146.75 while Nifty futures closed at 6161.50, premium of 14.75 points. FIIs bought in Cash, net buy 1646.95 Crore while DIIs sold in Cash, net sell 747.11 Crore. FIIs bought in Index future, Index Option but sold in Stock future, net buy 189.73 Crore.
FIIs bought 86198 contracts of Index futures and sold 78101 contracts of Index futures which come to net buy of 8097 contracts worth 246 Crores with net open interest increasing by 24963 contracts.
Considering all above facts it seems that FIIs again went long in Index futures…!!!
Yesterday the Market spurted after Reserve Bank of India said it would take into account falling inflation while deciding on policy initiative in its review next month.
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Technically Nifty futures closed past several hurdles yesterday showing bulls will continue to dominate in a day to come.

JINDAL STEEL & POWER LTD


	jindalsteel
JINDAL STEEL & POWER LTD
(JINDALSTEL)
Do you have IRON-Heart…???

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BUY JINDALSTEEL 307-306
Suppose trade 304 below,…then EXIT all your long position…
If crossing 312…then… hold for targets 315-320 and 327-335 very soon…
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Risk is Rs.2-3 per share and Reward is Rs.7-Rs.24

CALL FOR TODAY

Buy ALBK Around 126.00 TGT 131.00 SL 123.00

COMMODITIES VIEW