Wednesday, March 30, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction

A  grrr8 day for Option buyers is waiting ahead . 


 Flat to positive opening is expected with highly volatile session and negative bias .roll over to be done in these 2 trading sessions ,if u want to carry your position and if not then just exit from it where you are at  maximum gains or minimum loss . March contracts are going to expire on Thursday and exiting / rolling over is on the way .Asian markets are giving mix signals .crude prices ease a little so energy stocks may get benefited…FIIs are accumulating since 21 March when Nifty was at 5348 after that  Nifty Moved up by 430 points, so profit booking can’t be ruled out today as Nifty is stopped by 78.6 % retracement level .

Sell Apr Nifty at 5800  5815 with 30 to 35  points stop loss for 200 points minimum gains …stay short below 5800. 
We alerted you on 22 March in same way that nifty is at fib level and bounced,  its low was 5376 that day  ..Trade as per  market trend.
Have a gud day 

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