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 :-
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 …
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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