NIFTY OUTLOOK AND TRADING LEVELS FOR 03 July 2013: Harami again

Bearish Harami spotted at nifty eod  yesterday .

Indicators were  diverging while nifty was moving above 5810  … technical indicators were showing divergence and result is indicators win finally …

Gap down opening is expected  with extremely volatile session ahead as nifty will trade at 200 day moving average which is at 5826 …above it bullish  below it bearish and we feel nifty may hover at 5828 plus mins 20  today..be cautious if nifty will trade below 5800 for more than 30 minutes then we can see 5750 today ….

Trade in nifty as per these levels ..

Buy at / above: 5833   Targets: 5849 – 5868 – 5887 – 5906
Stoploss : 5814
Sell at / below: 5814   Targets: 5797 – 5778 – 5759 – 5740
Stoploss : 5833

on 1st July it was advised at chatroom dhanvarsha 

you may join for free   http://dhanvarsha.in/chatroom/

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 up325 points …or more in 3 sessions …1 retracement of 100 rs banta he ..if gap up na hua to ….trading at 5895

you may see here also  http://clientsviews.blogspot.in/2013/07/chat-history-1-jul-13-0945-pm.html

Bearish harami candle was spotted at eod chart yesterday

Definition of ‘Bearish Harami’

A trend indicated by a large candlestick followed by a much smaller candlestick with a that body is located within the vertical range of the larger candle’s body. Such a pattern is an indication that the previous upward trend is coming to an end.

A bearish harami may be formed from a combination of a large white or black candlestick and a smaller white or black candlestick. The smaller the second candlestick, the more likely the reversal. It is thought to be a strong sign that a trend is ending when a large white candle stick is followed by a small black candlestick.

NIFTY OUTLOOK AND TRADING LEVELS FOR 03 July 2013: Harami again