Nifty yesterday – traded in range with volatility finally ended making bullish harami candle …bullish harami known as prior indication of trend reversal but where is bearish trend ? Only large red bearish engulfing candle day before yesterday and yesterday this HARAMI.So no significance.
Trade according to Sell on rise book at low strategy with wide stoploss .
Positive to gap up opening is expected we will see increased volatility as traders are busy in making money encashing each swing to trade that’s why yesterdays volume was comparatively higher . Expect todays spot range between 5960 -6040 .
Trade in nifty futures as per these levels
Buy at / above: 6051 Targets: 6068 – 6088 – 6109 – 6127
Stoploss : 6029
Sell at / below: 6029 Targets: 6009 – 5989 – 5970 – 5951
Stoploss : 6051
These are calculated supports and resistance levels .
Traders who are advocating to buy Bank nifty calls hoping that bara bhai sbi will be coming with huge profit but technical support is not there neither for bank nifty nor for sbi so be cautious.Consolidation is going on let us see ‘oont kis karwat baithega….”
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admin: SELL at / below: 6003 Targets: 5981 – 5963 – 5943 – 5916 Stoploss : 6025
admin: BUY 6k pe at 81 83 sl 73 tgt 91 98
admin: target 1 done 91.55 now call was 14 May 13, 09:19 AM [×] [o] admin: BUY 6k pe at 81 83 sl 73 tgt 91 98
admin: BOOK 75 % gain at tgt 1 in nifty and pe
johnny: bhel SHORT both tgt done johnny: titan SHORT both tgt done
Arun Agrawal: 2 lot was SHORT on the price 5241 gaining today 48 point
johnny: BHEL SHORT BOTH TGT DON. POWERGRID LONG 1ST TGT DONE 2ND 1150.50.PNB SL HIT . TITAN SHORT BOTH DONE.VIP SHORT BOTH TGT DONE. YESBANK SHORT SL HIT
NIFTY OUTLOOK AND TRADING LEVELS FOR 15 MAY 13