Monday, December 24, 2012

Nifty outlook and trading levels for 24 Dec 12

Flat to positive opening is expected with 1 more dull session which may become warm after 2 to 3 hours of trade .tomorrow is Christmas holiday so options buyers wont take risk in OTM options and try to close intra positions today it self.
nifty is weak only below 5850 and trading around 5850 will create confusion in bulls and bears so we will see tug of war like situation in very short range till the time 1 of them will take lead of at-least 20 points .
Trade in nifty futures as per these levels .
Buy at / above: 5871 Targets: 5887 - 5906 - 5926 - 5945
Stoploss : 5852
Sell at / below: 5852   Targets: 5836 - 5816 - 5797 - 5778
Stoploss : 5871

Do not trade without  stop loss orders .
If do not know how to place stop loss just visit and learn it now ..

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