Nifty Outlook & Trading levels for 30 July 13: RBI POLICY DAY

Nifty is coming down but addition of OI levels are  not according to fall  have a look ..change in oi is in red all are addition…

Mon-22/07/2013 6070.0 6109.8 6056.05 6080.6 67,642 7,327,550 1,806,600 304030.0 6031.8

Tue-23/07/2013 6092.25 6139.85 6092.25 6121.55 128,499 11,539,900 4,212,350 306077.5 6077.8

Wed-24/07/2013 6099.0 6099.0 6006.05 6036.75 162,852 14,711,300 3,171,400 301837.5 5990.5

Thu-25/07/2013 6020.1 6029.5 5935.1 5943.9 266,326 18,007,200 3,295,900 297195.0 5907.5

Fri-26/07/2013 5955.0 5974.25 5907.5 5925.25 222,596 18,017,050 9,850 296262.5 5886.2

Mon-29/07/2013 5915.55 5924.0 5871.0 5877.35 147,484 18,141,000 123,950 293867.5 5831.65

 

OI data  is clearly indicating that nifty may blast up at any moment.Waiting for trigger only …

Flat to positive opening is expected with possibility of extremely volatile session ahead..RBI policy day …11 AM …  10.55  to 11.10 big move will be there due to rumors and RBI policy …lot of speculations are on ..but charts are clearly indicating that bank nifty has to move up .so buy on each up swing with stop loss for nice gains . BANK NIFTY IS TRADING AT OVERSOLD ZONE : BUY ON DIPS http://dhanvarsha.in/bank-nifty-is-trading-oversold/

Nifty Hourly chart is clearly indicating that nifty is moving down but macd and RSI are not supporting fall ,in fact divergence is there so we are looking for upswing ..

Trade in Nifty futures as per these levels

Buy at / above: 5895   Targets: 5918 – 5946 – 5964-5988-6019
Stoploss : 5874
Sell at / below: 5874   Targets: 5855 – 5836 – 5816 – 5797-5764
Stoploss : 5895

 

Nifty Outlook & Trading levels for 30 July 13: RBI POLICY DAY