Friday, April 5, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 05 APRIL 13

Negative opening is expected. panic is everywhere but  hope for bulls is still alive as nifty is trading at pivot level . last two sessions  move has  changed mood of street and everyone is looking at sab kuch bech do mood …today is Friday , generally selling day but sometimes  behaved other way too…huge shorts  developed in last two sessions  if 25 or 30 points up move will be there then 1 to 2 %  up blast within few hours can not be ruled …be cautious.


bakedChart (13)


Trade in Nifty futures as per these levels


Buy at / above: 5587  Targets: 5603 – 5622 – 5640 – 5659
Stoploss : 5568
Sell at / below: 5568   Targets: 5553 – 5534 – 5515 – 5497
Stoploss : 5587


Do not mix your emotions or pre conceived ideas with your trades , plan your trade select stop loss order,  possible target and then place entry order . Do not see profit only, your main aim  to prepare yourself for stop loss triggering and note it if you are willing to exit at stop loss ,your stop loss order will get triggered only 10 times out of your 100 planned trades.


According to Fib retracement  5435 is next support  level  below 5593 …if 5593 will pull Nifty up then 5819 is upper resistance .


yesterday copper was advised to buy at 405.30


copper


Crude was advised to buy at 5140


crude 40 to 65


and nifty ce 5700 advised to buy at 48


ce5700


 



NIFTY OUTLOOK AND TRADING LEVELS FOR 05 APRIL 13

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