Tuesday, September 25, 2012

Nifty outlook and trading levels for 25 Sept 12

Kapoor: expiry  lag raha hai  5750++
kailash123p@yahoo.co.in: ok
Kapoor: koi technical nahi ..   koi charting nahi.
kailash123p@yahoo.co.in: mujhe pata nahin ku nahi laga
Kapoor: just feeling
kailash123p@yahoo.co.in: 5750 hona koi badi baat nahin
kailash123p@yahoo.co.in: lekin kal bhi 5700 ki call men huge writing hui
kailash123p@yahoo.co.in: aur 5800 men 15 lac plus
kailash123p@yahoo.co.in: indicating ki 5800  se neeche
Kapoor: ok.
kailash123p@yahoo.co.in: 5700 se bhi shayad neeche
kailash123p@yahoo.co.in: let us see
Kapoor: ok
kailash123p@yahoo.co.in: technically nifty is in profit booking zone
kailash123p@yahoo.co.in: nifty will be gud only above 5700
Kapoor: spot ?
kailash123p@yahoo.co.in: below it bears will dominate
kailash123p@yahoo.co.in: spot 5685
Kapoor is typing...
Kapoor: ok

Flat to positive opening is expected with possibility of profit booking at higher levels ...but it can be seen  till  nifty is trading below 5700...if Nifty will cross and sustain above 5700 then possibility of panic buying by short holders will lead Nifty to 5750 mark easily .
Market will be extremely volatile as expiry is quite close ,so book  quick profits and trade with stop loss orders ..
Trade in Nifty futures as per these levels
Buy at / above: 5700   Targets: 5716 - 5735 - 5754 - 5773
Stoploss : 5681
Sell at / below: 5681  Targets: 5665 - 5646 - 5627 - 5609
Stoploss : 5700

as per OI table settlement  is possible between 5700 +/- 50

 India's GDP forecast has been cut by 1% to 5.5% by Standard & Poor's Ratings as the entire Asia Pacific feels the pressure of ongoing economic uncertainty.  http://economictimes.indiatimes.com/news/economy/indicators/sp-lowers-indias-2012-gdp-growth-forecast-to-5-5-per-cent/articleshow/16526286.cms  

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