Tuesday, October 16, 2012

Nifty outlook and trading levels for 16 Oct 12


Flat to positive opening is expected with volatility ahead ...profit booking at higher levels can not be ruled out ..
hourly chart is showing that nifty futures are trading in range..
5720 for spot and 5740  45  for futures is upper barrier

5800 is china wall and 5600 is looking nice support as per oi table ..

Trade in Nifty futures as per these levels ...
Buy at / above: 5730   Targets: 5754 - 5773 - 5792 - 5811
Stoploss : 5711
Sell at / below: 5711  Targets: 5696 - 5681 - 5663 - 5646
Stoploss : 5730

Trade according to trend ,respect market levels and never stay in trade without stop loss .
Do not fear ,trade with confidence and avoid over trading .

kailash123p@yahoo.co.in (10/15/2012 6:58:28 PM): natural gas traded at 185.70 ...call was .......sell natural gas at 190. 190.10 tgt 189.10 188.60 188.10 187.20 sl 192.10 ....do not calculate risk reward ratio ..sl is wide to protect ur trade from spikes .......all tgts done hope u have enjoyed dhanvarsha 
Join Dhanvarsha premium group now..........
send add request to kailash123p@yahoo.co.in 

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