Nifty Trends | Equity Tips | Stock News| 20 June 2014

Nifty And Banknifty Trends 

GOOD MORNING NIFTY SPOT TREND- CONSOLIDATE RES1:7635 RES2:7700 SUPP1:7480 SUPP2:7425 STRATEGY- BUY ON DIPS

BANK NIFTY TREND- CONSOLIDATE RES1:15250 RES2:15400 SUPP1:14910 SUPP2:14670 STRATEGY- BUY ON DIPS

Currency Trends

GOOD MORNING FOREX: USD/INR @60.3225 EUR/USD @01.3619 USD/JPY @101.845 USD/CHF@ 00.8930 GBP/USD @ 01.7046 USD/CAD @01.0817

USD/INR (26 JUN.) TREND: CONSOLIDATE RES 1: 60.55 RES 2: 60.70 SUPP 1: 60.15 SUPP 2: 60.70 STRATEGY: BUY ON DIPS

GBP/USD TREND: CONSOLIDATE RES 1: 1.7070 RES 2: 1.7090 SUPP 1: 1.7020 SUPP 2: 1.7000 STRATEGY: BUY ON DIPS

EUR/USD TREND: CONSOLIDATE RES 1: 1.3645 RES 2: 1.3670 SUPP 1: 1.3590 SUPP 2: 1.3570 STRATEGY: BUY ON DIPS

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Equity Tips

CASH

BUY RCF ABOVE 69.7 TG-70.3/71.5/73 SL-67.9 (CMP-69.4)

UPDATE: RCF LIMITED BUY CALL 1ST TG-70.3 ACHIEVED BOOK PARTIAL PROFIT TAKE NEW POSITION FOR 2ND TG-71.5

OPTION

PREMIUM CALL: BUY JP ASSOCIATE 75 CALL ABOVE 1.45 TG- 1.70/2.20/3.00 SL- 0.70 (CMP- 1.40)

PREMIUM UPDATE: JP ASSOCIATE 75 CALL TG1- 1.70 ACHIEVED (CMP- 1.80), BOOK PARTIAL PROFIT, TG2- 2.20.

BUY SSLT 300 CALL ABOVE 5.90 TG- 6.40/7.50/9.00 SL- 4.70 (CMP- 5.70)

UPDATE: SSLT 300 CALL TG1- 6.40 ACHIEVED (CMP- 6.55), BOOK PARTIAL PROFIT, TG2- 7.50.

FUTURES

PREMIUM CALL: BUY IRB FUTURES ABOVE 207 TG-207.8/209/212 SL-204.9(CMP206)

BUY YES BANK FUTURES ABOVE 545 TG-546.5/548.5/553 SL-540.9(CMP544)

UPDATE: YES BANK FUTURES BUY CALL TG1-546.5 ACHIEVED BOOK PARTIAL PROFIT. TAKE NEW POSITION FOR TG2-548.5