Tuesday, September 18, 2012

Nifty outlook and trading levels for 18 Sept 12

Flat to positive opening is expected with confusing scene 50 % traders are bullish and 50 % are bearish at 5620 level and benefit will go to bears only reasons already stated at
we are advising to book profits at swing highs a healthy correction is due after 450 points of quick rally which is already started yesterday and may accelerate .we may see consolidation too at this juncture but be cautious if you are going to buy at this level.
we are expecting that Nifty may trade below 5600 level today and will close in negative zone
Trade in Nifty as per these levels
Buy at / above: 5643   Targets: 5659 - 5678 - 5697 - 5716
Stoploss : 5625
Sell at / below: 5625   Targets: 5609 - 5590 - 5571 - 5553
Stoploss : 5643

Never trade without stop loss order
Sudden jump of 15% in VIX  is  giving warning to bulls  read more about vix at

This option table is showing highest pe oi buildup 8631750 at 5300 level then 5400 ,5500  5600 and highest call oi build up at 5600

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