Wednesday, August 22, 2012

Nifty outlook and levels for 22 Aug 12


Negative to gap down opening is expected with possibility of profit booking / range bound trading and extremely volatile session ahead ... 5400  spot will act as support now and only gap down opening below 5400 will turn it easily to act as resistance ...
trade in nifty futures as per these levels
Buy at / above: 5442   Targets: 5456 - 5473 - 5491 - 5510
Stoploss : 5425
Sell at / below: 5425   Targets: 5411 - 5396 - 5371 - 5354
Stoploss : 5442


Use stoploss to play safe...

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