Thursday, April 4, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 04 APRIL 13

yesterday it was expected that nifty may get support at 5693 but that was broken due to increased panic of unknown news … http://dhanvarsha.in/nifty-outlook-and-trading-levels-for-03-april-13/ . Gap down opening is expected 5606 – 5692 is bounded by fib levels please have a look :-


bakedChart (11)


Three possibilities  will be there after  30-40 points gap down opening


1.range trade 2.gap filling 3. continue selling


what will be there, it can be spotted after 20-30  minutes of trades .


weekly chart also indicating fib support at 5593 …


bakedChart (12)


Trade in Nifty futures as per these levels  


Buy at / above: 5662   Targets: 5678 – 5697 – 5716 – 5735
Stoploss : 5643
Sell at / below: 5643   Targets: 5627 – 5609 – 5590 – 5571
Stoploss : 5662


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NIFTY OUTLOOK AND TRADING LEVELS FOR 04 APRIL 13

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