Wednesday, April 6, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction


Trade as per levels ....all upper levels will work as resistance and lower as support     

 Flat to positive opening is expected. With xtreme volatility , higher crude prices creating pressure on economy …Indian rupee is gaining strength which will impact on margins of IT companies as IT companies are doing well in $ terms ,maximum indicators are at over bought zone . Japanese candle sticks  are giving reversal signals in many stocks …volume is reducing, open interest is reducing  indicating that now uptrend is strength less and consolidation /mild correction is on cards so  if u are holding long positions stay with tight trailing stop loss…in case market moves towards south initiate short position with  stop loss and book small profits ,till the time trend is not clear or market is choppy …FIIs initiated short position in index futures yesterday ….or  booked profit not sure but they were net sellers in index futures …

Have a gud day 

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