Monday, December 31, 2012

Nifty outlook and trading levels for 31 Dec 12 ..last trading day of 2012 ...


Flat to negative opening is expected with choppy session ahead .... may pick up direction at later stage  .Spot Nifty is trading in range and hovering around 20 DMA , it seems that bears may take control and  drag it down towards 5850  60 spot .
Futures are strong above 5958 and  weak below 5942 for intra day trades ...
Trade in nifty futures  according to these levels .
Buy at / above: 5965   Targets: 5984 - 6003 - 6022 - 6042
Stoploss : 5944

Sell at / below: 5944   Targets: 5930 - 5912 - 5893- 5874-5862
Stoploss : 5967

Trade with stop loss orders if your concepts are not clear please visit
http://www.dhanvarsha.in/2011/07/stop-loss-order-technique-you-must-know.html

10 days hourly nifty chart is indicating that trading range is squeezing ...soon we may see range break
as per chart  panic may be seen above 5960  and below 5920...

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