Monday, July 23, 2012

Nifty outlook for 23 July 12

Gap down opening is expected with extremely volatile session ahead .
there are 3 possibilities after gap down / up  opening
1. range trades at opening level
2. Try to fill up  the gap
3. may increase pain in bulls / bears
what will be there  will come to us but as per weekly chart nifty  may take support at 5165  provided  it will stay above it below that 5165 and 5200 both will start acting as resistances ..
trade in nifty futures according to these levels for intra day trades
Buy at / above: 5184   Targets: 5199 - 5217 - 5235 - 5253
Stoploss : 5166

Sell at / below: 5166 Targets: 5150 - 5132- 5114 - 5096
Stoploss : 5184

watch  reliance  wild moves we are expecting in it.
Important results 
LT  HUL  Idea Dabur  Colpal 

Dhanvarsha students view pls  send ur intraday nifty prediction
kunal: 5175 - 5250 IS TODAYS MARKET RANGE 

RK said 5300 is china wall for bulls but 5200 is maha bharat area for bulls and bears as option OI is almost equal...

Varun said below 5207 bears will be in power so one can stay short with sl 5224 and trail it in case more fall will be there .
Party ...

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