"TRADING IDEA FOR MONDAY (04.06.2012)"


Weak Global cues pushed Nifty towards 4800 and lastly, it closed at 4841.60, with a huge loss of 82.65 points. 
For today, WATCH 4845 CAREFULLY. IF ABLE TO CROSS WITH VOLUME, NIFTY MAY MOVE TOWARDS 4865/4870/4884 AND EVEN 4900 WHEREAS ON THE DOWNSIDE, NIFTY MAY HIT 4830/4814  AND EVEN 4788 (THE RECENT LOW MADE ON 18TH MAY). GLOBAL CUES ARE SIGNALING FOR GAP DOWN OPENING.
From options data,,highest options base has been shifted to 4500 & 4800 put and 5000 & 5100 calls.  As of now, for June series, 4760/4800 may act as support and 4970/5000 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. 
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"