Tuesday, January 15, 2013

Nifty outlook and trading levels for 15 Jan 13

Nifty  is trading in range between 5940- 6040 ...till the time not going to break either side sell at top and book gain at bottom of range and reverse accordingly  ...it is closed  near top of range  so advised to  to book long and go short ..
Negative to gap down opening is expected if nifty futures will trade below 6050 for an hour then we may see at-least 30 to 40 points downward move today ...
Trade nifty futures as per these levels
Buy at / above: 6068   Targets: 6080 - 6100 - 6120 - 6139
Stoploss : 6049
Sell at / below: 6049   Targets: 6028 - 6009 - 5989 - 5970
Stoploss : 6068

trade according to trend

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