Thursday, July 5, 2012

Nifty outlook for 05 July 12

Nifty spot is  consolidating  since last 3 sessions between a very short range of 20 points( 5280 to 5300 ), expecting for a break out
will we see it today ?
Be cautious ...
and plan your trades accordingly
last three candles on nifty eod chart are either spindle tops or looks like tristar at /out side of upper bollinger and colour is red, indicating for the chances of healthy correction which is due ...
after that Nifty may  reach above 5600 ..
read more about tristar
Flat to negative  opening is expected ....either  volatile range bound trades  or  break out ...chances of profit booking is there
trade in nifty futures as per these levels
Buy at / above: 5335   Targets: 5349 - 5368 - 5389- 5398
Stoploss : 5313
Sell at / below: 5313   Targets: 5291 - 5272 - 5252 - 5233
Stoploss : 5336

see effect of tristar
30 % gained after tristar reversal within 45 days in reliance capital positional call advised in May 3rd week at
trading above 30% up from buy advise now traded at 385/-

Protect your trade and capital by placing stop loss orders ...

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