Monday, May 20, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 20 MAY 2013

Positive to gap up opening is expected with possibility of extremely volatile session ahead .6200 at spot is stiff resistance if 6200 will be broken and nifty start trading above it …6200 will start acting as support level and you  may go for long keeping stoploss at 6178 …but if failed to retain 6200  then best trade will be go short on futures at 6189 6210 keeping stoploss of 6122 for lower targets .


To check weekly analysis please visit 


Trade in Nifty futures as per these levels 


Buy at / above: 6221   Targets: 6237 – 6257 – 6277 – 6297
Stoploss : 6201
Sell at / below: 6201   Targets: 6184 – 6165 – 6145 – 6126
Stoploss : 6221


stay at chat room dhanvarsha for real time calls and updates.


if no new high then double top as per 15 min chart and target may be 6160 and below watch at sgx 30 min chart at


http://www.investing.com/indices/india-50-futures-advanced-chart


sgx


trend line and pivots showing supports and resistances at hourly chart


hourly


Do not jump in river  if you do not know swimming …


 



NIFTY OUTLOOK AND TRADING LEVELS FOR 20 MAY 2013

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