Thursday, September 13, 2012

Nifty outlook and trading levels for 13 Sept 12

Flat to positive  opening is expected  with possibility of short covering at higher levels if sustained above 5450 on failure we may see profit booking also as  market  is making  double top here .
So be cautious and trade under expert supervision'.

short term trend is bullish
positional  traders can hold their long positions with stoploss of 5350   targets are  5652  5919 as per fib levels drawn at 3 year weekly chart ..
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

You will find 2 types of moves in markets 
range bound -in that no major change in prices 
trending - where price moves in waves either up or down 

apart from this we can see break out /break down as it was noticed yesterday in silver ...within 3 hours it was crashed by 2800 points and still trading below 2000 Rs.
to read more on it please visit

to protect your capital from such wild moves it is advised to trade with strict stoploss.
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