Nifty stopped below 50 DMA in last session .FIIs were net sellers in equities on 01 st July 13 . old gap was there which was filled .we can expect 33% retracement soon of this 350 points quick up move .
Gap down opening is expected with possibility of profit taking today…if fall started and corrected with volumes below 5860 it will move to 5810 so expecting range 5810 -5898 …
Trade in Nifty futures s per these levels .
Buy at / above: 5897 Targets: 5909 – 5926 – 5945 – 5964
Stoploss : 5877
Sell at / below: 5877 Targets: 5857 – 5839 – 5817 – 5792
Stoploss : 5897
last days chatroom message
1 Jul 13, 03:07 PM
[×] [o] admin: risk lovers may SELL nifty at 5890 5900 as it is just below 50 DMA …if wont cross mkt may correct /retrace by min 80 points to kiss 200 dma 5891 now may carry SHORT in small qty ..
1 Jul 13, 03:20 PM
[×] [o] admin: shorting nifty below 5910 may give reward ..at 5910 is 50 DMA and nifty is up 325 points …or more in 3 sessions …1 retracement of 100 rs banata he ..if gap up na hua to ….trading at 5895
will 50 day moving average stop up move ..
NIFTY OUTLOOK AND TRADING LEVELS FOR 02 July 2013
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