It was predicted that nifty may move above 1% on Monday but we have under estimated up move of nifty and bulls also . Daily Nifty chart is showing that nifty moved up more than 1.9% and closed above 1.66% with lower volumes and below pivot level .Few indicators are not supporting up move here.so dilemma will be there and we will see both types of calls in market buy and sell…. trade according to intra day trend ….volatility will be there…. expecting red closing today .
Expecting flat to slightly positive opening …initially range trades may be there between 6155 -6185 level later market may trade with larger swings…. we can expect profit booking at higher levels and buying at lows ..
Trade in Nifty futures as per these levels
Buy at / above: 6084 Targets: 6100 – 6120 – 6139 – 6159
Stoploss : 6064
Sell at / below: 6064 Targets: 6048 – 6028 – 6009 – 5989
Stoploss : 6084
on Sunday night it was shared for Reliance ”buy on dips for 4 to 5 % gain within a week … closed at 785 …tgt 820 plus ” but 1 weeks target fulfilled within 1 day traded above 832 in only 1 session.
for nifty advised to buy at 5067 for last target above 6061 that too over shot and nifty future kissed 6200 in intraday trades
same for ce 6000 call advised to buy at 30 32 traded above 110 in intraday
27 May 13, 09:18 AM
admin: wait will pass u when get solid signal
27 May 13, 09:20 AM
admin: BUY ce 6000 at 31 32 sl 27.90 tgt 36 39
27 May 13, 09:23 AM
johnny: INDUSSINDBK SPOT – BUYABOVE 504.50 SL BELOW 498 TGT 511/517
27 May 13, 09:23 AM
admin: BUY at / above: 5967 targets 5986-6003 – 6022 – 6042 – 6061 Stoploss : 5949
see nifty futures eod chart traded at 6100 ….
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Options will give u fruits only if volatility will increase or market will trade in trend but if range trade will be there do not hold or trade options.
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NIFTY OUTLOOK AND TRADING LEVELS FOR 28 MAY 2013