Dhanvarsha – Nifty Outlook / futures trading levels for 11 July 13

Yesterdays FIIs buying of Rs 638 Cr turned July total to plus 73 Cr which was red till 11 th morning now it is green … http://www.moneycontrol.com/stocks/marketstats/fii_dii_activity/index.php

Nifty breached falling trend line and closed well above 50 dma  so both will act as short term support …. major event will be infy result before market open …so be ready to watch  hungama on street at 9 AM  today .

W  already reap fruits on infy 2650 call which moved for a 5k gains within 24 hrs ... Read more 

Possible opening of nifty is depend on infy result  if so- so result  or positive result then market will open gap up but if result will be  below market expectations then market may open flat to negative but banking sector will be ready to support market and nifty  must  hold 5910 in any condition …on favorable conditions sky is open  to fly ..

Outlook for nifty futures will be as

Buy at / above: 5967   Targets: 5983 – 6003 – 6022 – 6042
Stoploss : 5948
Sell at / below: 5948   Targets: 5931 – 5912 – 5893 – 5874
Stoploss : 5967

Asian Stocks Extend U.S. Jump on Stimulus as Copper Gains

 

 

Dhanvarsha – Nifty Outlook / futures trading levels for 11 July 13