Tuesday, May 29, 2012

Nifty outlook 29 May 12

Yesterday it was informed  at 7.20 AM that " expecting a upside breakout today " and it was proved by market by closing above 1.33 % . Yesterday Nifty closed at 4987  just above 20 DMA . ..now we are expecting that nifty will move to 5070 and stay there or trade between 4980  5070 range ..with increased volatility.Flat to positive opening is expected with bullish sentiments as fear index is declining rapidly ...read more 
http://www.dhanvarsha.in/2012/05/fiis-were-net-buyer-on-28-may-12-and.html.
Trade in NF according to these levels ...

Buy at / above: 4980   Targets: 5005 - 5024 - 5044 - 5069 >>>
Stoploss : 4955
Sell at / below: 4955   Targets:  4934 - 4911 - 4886 >>
Stoploss : 4980

trade with stoploss punched in system
trade according to trend  and current trend is turning to bullish one 
Book profit where ever u want  to book ...

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