Wednesday, July 25, 2012

Nifty outlook for 25 July 12

Gap down opening can not be ruled out as eod data is showing that FIIs turned bearish yesterday .
and European crisis too affecting global sentiments
U.S. stocks sank Tuesday, resulting in the third straight session of triple-digit losses for the Dow average, following a report that Greece is still unable to pay off what it owes and will need to go through further debt restructuring.
Only 2 sessions left for expiry of July series so moves will be governed by traders rolling overs / closing of positions ...
volatility will be at peak ..if u are fast in order placing and exiting from trades then these 2 sessions will give u big returns...if u are not so confident please sit at shore and enjoy the waves...

Trade in Nifty futures according to these levels ...
Buy at / above: 5120  Targets: 5135 - 5153 - 5171- 5189
Stoploss : 5098
Sell at / below: 5098   Targets: 5083 - 5069 - 5051 - 5033
Stoploss : 5120

Market may settle at or above 5100 today as per option data ..there was no major change in nifty futures oi on 24 th  .

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