Flat to positive opening is expected with positive bias . Nifty bounced from 200 dma and closed at 5704, 76 points above it, traders are still in confusion as spinning candle was noticed at eod chart . Trading between 200 and 50 dma .Retraced 23.6 % from its low and trading there .38% retracement level is at 5795 and double bottom is at 5600 . possibility of double bottom at this juncture can be ruled out as 200 dma is creeping up and its todays level is 5630 so look up towards 5800.
DON shared this URL for Gann fans at chat room try it out .
DON: http://avaxhome.ws/ebooks/BowdenUltimateGannTradingCourse.html knowledge is power learn and improve it .Trade in Nifty futures as per these levels .
Buy at / above: 5711 Targets: 5730 – 5751 – 5773- 5798
Stoploss : 5688
Sell at / below: 5688 Targets: 5668 – 5646 – 5627 – 5609
Stoploss : 5711
Those holding BTST nifty place AMO at 5729.90.
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buy renuka at and above 23 sl 21.90 tgt 24.50 25.90 if moved above 26 it can trade at 30 within 60 days .
NIFTY OUTLOOK AND TRADING LEVELS FOR 02 APRIL 13
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