Friday, May 3, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 03 May 2013-RBI policy day

Natural gas sell call gained more than Rs 16000/- per lot in less than 4 days …open  advise was shared in real time at Dhanvarsha  chat room …why dont u join it now @ free….see at right side bar …

Almost flat opening is expected , it is very very crucial day for market because today RBI governor is going to announce its  credit policy for the year and for market also where every one is expecting that RBI governor will give some best news but if he will come bare handed then ? kya hoga kammo ka ?? Kya nifty doobegi aaaj ? have you heard about 3-13 ho gaye ? why they are coming on 3-13 ? why these negative news are on  today ? Insider trading case: Sebi fines RIL entity R11 cr…Consumer forum orders jail term for Tata Motor’s Karl Slym – Tata Motors domestic car sales down 15% …  Open interest is highest at 5700 calls as per this table is indicating that nifty will have to move below 5800 at least before expiry …. 5900 calls and puts are at tie as per OI table  means  big players are still not very bullish above 6000.



just give a thought on it and go for ….see call  OI buildup above 5800 level

Trade in Nifty futures as per these levels..

Buy at / above: 6025   Targets: 6042 – 6061 – 6080 – 6100
Stoploss : 6006
Sell at / below: 6006   Targets: 5984 –  5951 – 5926- 5905 -5865
Stoploss : 6025

 BN is trading at double top level at weekly chart ..last weekly  candle  ended showing bears grip and this week is on… will BN move above 2011 level or turn today …..towards  11350 level

BANKNIFTY_Weekly_02-05-2013

nifty is trading above weekly pivots .

NIFTY_Weekly_02-05-2013

Central bank Governor Duvvuri Subbarao will cut borrowing costs today for a third straight meeting, reducing the benchmark repurchase rate to 7.25 percent from 7.50 percent, according to 33 of 40 analysts in a Bloomberg survey. Asian stocks rose today after U.S. jobless claims reached a five-year low and the European Central Bank cut its benchmark interest rate to a record low.

The Sensex climbed the most since November last month as slowing inflation and a drop in gold and oil prices stoked speculation the RBI will cut borrowing costs today.

Still, the central bank signaled yesterday that elevated consumer-price inflation and a record current-account deficit is constraining scope for monetary policy to support economic growth.




NIFTY OUTLOOK AND TRADING LEVELS FOR 03 May 2013-RBI policy day

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