yesterday nifty remained in range of 5660-5720...
will it break it today ?
In case of break out it may move to 5820 ...
Support is lying at 5640 5650 -bottom line of horizontal channel
5700 strike is still in dilemma...
Securities which are in ban period
Nifty closed above falling trend line but below neck line at eod chart .trading in 5640- 5720 range since last 1 month and we are expecting range break at any moment .6000 or 5400 both are possible within 10 days be cautious and trade accordingly.chances 20/80%.
Flat to slightly negative opening is expected with extremely volatile session ahead ...
Profit booking at higher levels can not be ruled out.
As tomorrow will be Dussera holiday and no one will like to left money on table.So enjoy booking profits at higher levels or sell on rise and book at lows for intra trades in selected scrips.
Possible range for Nifty as per oi data and other indicators may be 5660-5750..
Trade in Nifty futures as per these levels
Buy at / above: 5736 Targets: 5751 - 5773 - 5792 - 5811
Stoploss : 5714
Sell at / below: 5714 Targets: 5703 - 5684 - 5665 - 5646
Stoploss : 5736
Trade according to trend . levels and stoploss order .
Dhanavarsha members are holding ....
email@example.com (10/22/2012 2:53:40 PM): nifty stbt at 5722
firstname.lastname@example.org (10/22/2012 2:53:51 PM): and pe btst at 20
email@example.com (10/22/2012 3:21:14 PM): nifty stbt 5726 now