Wednesday, June 13, 2012

Nifty out look 13 June 12

please  note - do not trade for your broker but   trade  to  increase your capital . 

Flat to positive opening is expected .Profit booking can not be ruled at higher levels as FIIs data of yesterday was showing that last move was bull trap only.Trade according to trend and logic too.
Today's Nifty levels mailed to premium members .
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Nifty was trading flat till 2 PM and it was correcting too  but supprted and  bounced from previous closeat around 2 PM more at

IIP data was 0.1 % for April which was not very positive .
3 out of 5 analysts were bearish on market on 12 June 12

Rising wedge spotted on EOD Nifty chart

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