STOCK FUTURE TRADING CALL FOR TOMORROW

BUY JUSTDIAL ABOVE 535 TGT 545/560 SL 520

 TECHNICAL BASIS :

Primary trend of the stock is bullish and after giving breakout of its range bound movement, it is forming continuation pattern in short term charts, it is likely to continue the positive movement with the breakout of the pattern at the levels of 535 ; as the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 545/560 in the stock if it manages to sustain above the immediate support level of 515.

Sensex ends below 29,000, Nifty at 8,940

The Sensex ended the day at 28,946, up 203 points, while the Nifty was ruling at 8,940, up 61 points. The selling pressure for Nifty eased above 8,900 on Tuesday. It made a low of 8,885 and reversed higher from there. The contract surged to an intraday high of 8,994 today .Though it has come-off slightly from the day's high, the outlook remains positive. It is

currently finding support around 8,950. Next key support is around 8,930 which is likely to limit the downside for the day. Short-term traders can go long on dips near 8,940. Stop-loss can be placed at 8,920 for the target of 8,980.A rise to 9,000-9030 looks likely. Whether the contract breaks above 9,000 or not will decide the next move. But a reversal from 9,000 may keep the index futures range bound between 8,900 and 9,000 for some more time.