NIFTY OUTLOOK AND TRADING LEVELS FOR 16 APRIL 13

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Gap down opening is expected due to global negativity which may recover at later stage as nifty is hovering around 50 week moving average .

http://dhanvarsha.in/nifty-macro-and-micro-analysis-using-weekly-and-eod-charts-for-week-ending-10-april-13/

it was advised to go long in nifty before 9.30 AM yesterday and nifty buy above 5522 advised here also before market opening http://dhanvarsha.in/nifty-outlook-and-trading-levels-for-15-april-13/ and nifty traded above 5594.

natural gas advised to sell at and below 231  two times..

silver buying was advised at 44k for gud intraday gains

 

Infy buy was advised at 2250 52  worked well ..

bank nifty buy call worked …

SL triggered in copper and tata steel buy call  …. .

trade in nifty futures as per these levels

Buy at / above: 5513   Targets: 5528 – 5547 – 5566 – 5584
Stoploss : 5494
Sell at / below: 5494   Targets: 5478 – 5460 – 5441 – 5423
Stoploss : 5513

please note

Do not trade without stop loss and do not get frustrated after stop loss triggering  trade for stop loss it won’t get triggered.

 

 

NIFTY OUTLOOK AND TRADING LEVELS FOR 16 APRIL 13