Tuesday, April 2, 2013

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.


bakedChart (9)


DON shared this URL for Gann fans at chat room try it out .


DONhttp://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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