Tuesday, April 30, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 30 APRIL 13

Expecting for a gap up opening with possibility of profit booking at higher levels . 5870  (fib level/ previous close  ) and 5849 (20 WMA )are in support of bulls .yesterday all bearish attempts were negated at 5870 level and finally bulls encash the opportunity and moved  to 5918 before closing at 5908 spot .yesterday nifty was trading in 10 points range …breakout noticed after 2pm … well predicted by Anil shenoy at dhanvarsha chatroom . you can see complete chat history at http://clientsviews.blogspot.in/ . If you are unable to access chat room dhanvarsha you may try here also http://www.dhanvarshagrp.blogspot.in/

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Trade in Nifty futures as per these levels

Buy at / above: 5951   Targets: 5967 – 5986 – 6006 – 6025
Stoploss : 5931
Sell at / below: 5931   Targets: 5914 – 5891 – 5875 – 5855
Stoploss : 5951
We will exit at gain or not depend on luck if we will mix emotions / speculation or assumptions  with our analysis. We will mix emotions  when we will try to  pick up top/ bottom of market,which is not possible practically but to get success in that we will have to book many  losses and after a series of  2   to 3  stop loss hitting we  may  enter  either at top or at bottom for a big / bumper gain .


NIFTY OUTLOOK AND TRADING LEVELS FOR 30 APRIL 13

1 comment:

  1. It was a informatory post and it has a significant meaning , thanks for sharing the information.
    Would love to read your next post too…….
    Nifty Outlook

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