Tuesday, April 23, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 23 APRIL 13

Nifty is still trading below 20 WMA  on weekly chart.if moved above it it will free fly below open sky but will it be able to cross it ?


Tomorrow will be holiday and next day will be expiry so start rolling over or closing your April positions  .


NIFTY_Weekly_22-04-2013


Flat to positive opening is expected with extremely volatile session  ahead …Daily chart is showing that Nifty is trading above all moving averages 20,50 and 200 , all indicators are supporting up move but trading at the top of falling trend line …breaching of it will open new range and higher targets …on failure it will turn its direction ..


NIFTY_Daily_22-04-2013


Trade in Nifty futures as per these levels


Buy at / above: 5852   Targets: 5868 – 5887 – 5906 – 5926
Stoploss : 5833
Sell at / below: 5833   Targets: 5816 – 5797 – 5778 – 5759
Stoploss : 5852


Positional traders hold nifty long with sl at 5788


Yesterday nifty and bank nifty calls worked well including relcapital .


Short covering was there in Nifty not a healthy sign for up move




NIFTY FUTURES DETAILS









































SYMBOLEXDATEOPENHIGHLOWCLOSECONTS.OPENINTC’O'INTC’O'INT

(%)
NIFTY25-Apr-20135,816.35,843.15,791.05,832.85252,80414,256,250-3,333,450-18.95
NIFTY30-May-20135,813.355,859.05,806.555,848.15106,2136,300,1002,729,50076.44
NIFTY27-Jun-20135,820.755,865.05,815.655,854.44,256653,55074,20012.81

chat room calls  Nifty short ..Intraday nifty chart is showing that Nifty made ABC chart pattern which shows confution was there …will it continue for today also ???


nf22


Bank nifty short


bn22


Relicapital short


relcap22


To join  Dhanvarsha chatroom write your name, click at profile and set password thats all …


 



NIFTY OUTLOOK AND TRADING LEVELS FOR 23 APRIL 13

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