Tuesday, April 9, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 09 APRIL 13

Nifty traded in range and consolidated above 50 week moving average .Same expectation is for today’s trade .hammer followed by inverted hammer at eod chart are there which are indicating for possibility of trend reversal,


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apart from these candle stick signals, trading  above 50 WMA and fib retracement level in oversold zone .


previous two  sessions ,30  points range bound trades are indicating that market may blast in either side and this quick move will take nifty to 100- 150 points away from current level  in 1 go may be 5650  or 5450 …


Buy on dips till Nifty spot is trading above 5537 ….keep maximum 20 points stoploss ..book gains above  20 points  …do multiple trades till trading in 30 points range .


nfty


. positive to gapup opening is expected with posssibility of up move today .trade in nifty futures as per these levels .


Buy at / above: 5568   Targets:  5586 – 5604 – 5622-5648


Stoploss : 5549



Sell at / below: 5549    Targets: 5529-5515 – 5497 – 5478 
Stoploss : 5568


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NIFTY OUTLOOK AND TRADING LEVELS FOR 09 APRIL 13
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1 comment:

  1. UnknownApril 9, 2013 at 4:50 PM

    It's nice posting for the particular topic, thanks for it I always search such topics, everything connected to that. I really appreciate it.
    Thanks&Regards:nifty future

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