Thursday, August 23, 2012

Nifty Outlook and levels for 23 Aug 12


Flat to positive opening is expected  with extremely volatile session ahead ...yesterday it was noticed that after 4 hours  of range trading nifty moved up and then corrected  and closed below 8 points ...
Nifty is trading at  over bought zone and every alternate day candle sticks are giving reversal signal, yesterday too it was somewhat like bearish harami candle so indecision is there and confirmation required for reversal  ...be cautious
Trade in Nifty futures as per these levels
Buy at / above: 5457   Targets: 5473 - 5491 - 5510- 5528
Stoploss : 5439
Sell at / below: 5439   Targets: 5423- 5404 - 5386 - 5368
Stoploss : 5457


Never trade without stop loss order  ...

1 comment:

  1. Short nifty @5435 & get target of @5415..watch.. nifty going sideway trading

    ReplyDelete

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