Thursday, January 3, 2013

Nifty outlook and trading levels for 03 Jan 13

Nifty after gap up opening trading in very small range of 20 -25 points every day ..since 2 sessions ...
EOD chart is showing that nifty is staying above range and resting just below 6000/- .
Expecting positive to gap up opening today ...with possibility of either choppy session or profit booking chances at higher levels...
Trade in nifty futures as per these levels .
Buy at / above: 6064   Targets: 6080 - 6100 - 6120 - 6139
Stoploss : 6045

Sell at / below: 6045   Targets: 6028 - 6009 - 5989 - 5970
Stoploss : 6064

Trade according to trend and stop loss
Crude and natural gas  both calls not worked well and stop loss triggered ..

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