NIFTY OUTLOOK AND TRADING LEVELS FOR 02 APRIL 13

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