Derivative Strategy for August 9, 2012
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Scrip
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CMP
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Recommendation
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Target
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Stop Loss
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NIFTY
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5,355
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BUY
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5,430
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5,310
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ACC
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1,348
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BUY
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1,365
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1,340
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BPCL
|
353
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BUY
|
365
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347
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DLF
|
211
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SELL
|
205
|
215
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TCS
|
1,256
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SELL
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1,230
|
1,264
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Trading strategy would be to Sell if market resist at 5,390 and Buy if support at 5,300. First resistance for the Nifty is 5,356 and next resistance 5,390 and first support for the Nifty is 5,300 and next support at 5,378.
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