Monday, September 3, 2012

Nifty outlook and trading levels for 03 Sept 12

Almost flat or slightly positive opening is expected .Nifty is trading at 50 DMA and it seems that bulls will be be able to retain 5250 at spot if they lost strength then 5255 will become  resistance and bears will try to drag  nifty towards 5162 .
Few stocks are looking gud here and we are closely observing their moves
Trade in Nifty futures as per these levels
Buy at / above: 5292 Targets: 5308 - 5326 - 5344 - 5362
Stoploss : 5274
Sell at / below: 5274  Targets: 5258 - 5240 - 5222 - 5204

Stoploss : 5292
Please note each level is entry point ,target ,support , resistance ,stoploss only the difference is of market trend and last traded price .If nifty will be trading at 5231 and moving up then we will advise to buy at 5231 with stoploss of 5214 for higher targets  5240 -5258 -5274.
Never trade without stop loss 
Trade under supervision if you are not confident in judging market move.
Millions can be saved by paying few bucks to experts .
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