"TRADING IDEA FOR TUESDAY (08.05.2012)"


Nifty closed at 5114.15 (gained 27.30 points). Clarification on GAAR from the Finance Minister helped our market to recover more than 100 points in Nifty from its day's low at 4988. Now, if and only if, Nifty maintain its upmove and cross its first resistance at 5150 and the second at 5250, it may touch 5400 again. However, till it cross 5250, downtrend will be still intact.
For today, WATCH 5130 CAREFULLY. ABOVE 5130, NIFTY MAY MOVE TOWARDS 5150/5170 ON THE UP SIDE WHEREAS BREAKING  5100 AND 5080 AGAIN ON THE DOWNSIDE, NIFTY MAY HIT 5050/5030 ON THE DOWNSIDE. 
From options data,,highest options base has been shifted to 5000 put and 5300 calls.  However, as of now 5000/5030 may act as support and 5200 & 5300 will act as resistance in near future.
INTRADAY LIVE TRADING CALLS DURING TRADING HOURS FROM VARIOUS BROKING HOUSES :  CHECK HERE
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST. 
WATCH LIVE TV:-   CNBC TV18 > NDTV PROFIT > CNBC AWAAZ > BLOOMBERG
"REAL-TIME NIFTY CHART" - BUY WHEN 20-MIN. EMA(GREEN LINE) CROSSES 50-MIN. EMA(RED LINE) DOWN TO UPSIDE AND VICE-VERSA. IN ADDITION, GREEN DOT INDICATES BULLISH SIGNAL AND RED DOT INDICATES BEARISH SIGNAL ON INTRA-DAY BASIS. NO NEED TO REFRESH THE PAGE REPEATEDLY. THE CHART WILL AUTO REFRESH IN EVERY 10 SECONDS. - 'HAPPY TRADING'.
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"