Monday, February 18, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 18 FEB 13


Flat to positive opening is expected with possibility of  fresh buying which may turn in short covering rally at later .
3 years weekly chart is showing spindle bottom above 20 wma but weekly candle closed below lower trend line negative sign and above 20 wma  positive signal for for bulls .

weekly Nifty Chart
3 years weekly Nifty Chart.
Trade in Nifty futures as per these levels
Buy at / above: 5890   Targets: 5906 – 5926 – 5945 – 5964
Stoploss : 5871
Sell at / below: 5871   Targets: 5855 – 5836 – 5816 – 5797
Stoploss : 5890
Spot the trend and trade according to trend with stoploss order .

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