NIFTY AND BANK NIFTY FUTURE & OPTIONS TIPS FOR 06 MAY 2014

NIFTY FUT BUY TIPS:
Last trading price of NIFTY FUT is 6736
We will buy NIFTY FUT only above 6745
(NIFTY FUT has to trade above this level for at least 10 minutes and with good volume)
Our targets would be 6758.3 6778.9 6799.4 6820.1 6840.7
SL is 6723 & Must be trailed by 16 points after every 50 points move
6761.6 6803.1 6828.3 are Resistance

NIFTY FUT SELL TIPS:
We will Sell NIFTY FUT only below 6724.00
(NIFTY FUT has to trade below this level for at least 10 minutes and with good volume)
Our targets would be 6710 6690 6669 6649 6629
SL is 6746 & Must be trailed by 16 points after every 50 points move
6694.8 6669.6 6628.1 are Supports

BANK NIFTY FUT BUY TIPS:
Last trading price of BANK NIFTY FUT is 12974
We will buy BANK NIFTY FUT only above 12996
( BANK NIFTY FUT has to trade above this level for at least 15 minutes and with good volume)
Our targets would be 13011 13040 13069 13097 13126
SL is 12942 & Must be trailed by 50 points after every 150 points move
12742.08 12864.2 12960.0 are Important Resistance

BANK NIFTY FUT SELL TIPS:
We will Sell BANK NIFTY FUT only below 12968
( BANK NIFTY FUT has to trade below this level for at least 15 minutes and with good volume)
Our targets would be 12952 12924 12895 12867 12838
SL is 13022 & Must be trailed by 50 points after every 150 points move
12833 12730 12603 are important support &

NIFTY14MAY6700PE buy 234.28 SL 219.56 TGT1 241.64 TGT2 249.00 TGT3 256.36 TGT4 263.72
NIFTY14MAY6800CE buy 219.41 SL 204.05 TGT1 227.09 TGT2 234.77 TGT3 242.45 TGT4 250.13
BANKNIFTY14MAY12900PE buy 564.41 SL521.41 TGT1 585.91 TGT2 607.41 TGT3 628.91 TGT4 650.41
BANKNIFTY14MAY13200CE buy 554.28 SL507.28 TGT1 577.78 TGT2 601.28 TGT3 624.78 TGT4 648.28

Morning Hours Nifty may in uptrend and evening hours in down trend.

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