"TRADING IDEA FOR FRIDAY (08.06.2012)"


Announcement of Prime Minister for a big push to the Infrastructure Development, Mukesh Ambani's Rs. 1 lakh Crore investment over 4-5 years, possible repo rate cut by RBI on its next monetary policy (scheduled to be held on 18th June) alongwith improvement in global cues (China's rate cut is one of them) made Nifty to close at 5049.65 with a gain of 52.55 points. 
For today, WATCH 5067/5070 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY WILL HIT 5100 WHEREAS ON THE DOWNSIDE, BELOW 5027, SUDDEN SELL OFF MAY PUSH NIFTY TOWARDS 5000/4970.
From options data,,highest options base has been shifted to 4800 & 4500 put and 5100 & 5000 calls.  As of now, for June series, 4760/4800 may act as support and 5070/5100 may act as resistance.
THOSE WHO INTERESTED, MAY ACCUMULATE BHEL, TCS, SBI, JPASSOCIATES, BHARATI AIRTEL, L&T ETC. FOR LONG TERM IN CASH SEGMENT.
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"