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.
Learn chart reading and technical analysis. it is too easy to learn . Dhanvarsha providing online assistance for every one what ever is your age and sex . if you are house maker, trading is best option for you . If you are retired learn and enjoy it .If you are at management level , IT professional , consultant , student , house wife or searching for job or going to quit your present job , trading is best profession . Start learning today …you can learn through internet or with the help of mentor /guru . Plan and start now … you must have internet , PC and cell phone only and you can win and stand in those 10% traders who are winning continuously. For subscription package please visit.
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