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.
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
Crude was advised to buy at 5140
and nifty ce 5700 advised to buy at 48
NIFTY OUTLOOK AND TRADING LEVELS FOR 05 APRIL 13