NIFTY TIPS FOR 06 JAN 2014

NIFTY FUTURE BUY TIPS:

 Nifty future closed on Friday at 6257 level.We will buy nifty future only and above 6265 (nifty future has to trade above this level for at least 15 minutes and with good volume) our targets would be 6278 --6291 --6317-- 6331 .  Important Resistance are in 6281, 6304 & 6328. Buy  6400 Call above 45 , Stop Loss 34 & Targets 49--53--62--67.

NIFTY FUTURE SELL TIPS:

Immediate Support on the downside of nifty future is at 6238 level.If nifty future breaks 6238 and trades below this level for 15 minutes then it will drag the index down towards 6225--6212--6186-- 6146. if nifty stay below 6252 for three days then  Nifty will reach 6096 Level .Buy 6100 Put above 50 Stop Loss at 40 , Targets 53--57--64---78.