Negative to gap down opening is expected with extremely volatile session ahead as today market players will plan and set for next expiry and initiate their positions accordingly. Nifty eod chart may support bulls as money is coming in to market RSI is creeping up. after long legged hammer 2 white candles in continuation , prices are still below from falling trend line and 20 DMA in these conditions 1 more white candle may be there and we may see nifty spot at or above 5450 if GDP data or $$ will be supportive.
Trade in Nifty as per these levels
Buy at / above: 5385 Targets: 5399 – 5418 – 5436- 5456
Stoploss : 5359
Sell at / below: 5359 Targets: 5340- 5327 – 5311 – 5292 – 5272
Stoploss : 5385
The recent rupee fall, the governor said, was more because of the high current account deficit (CAD) — the excess of spending overseas than earnings — for three years. As a nation, India failed to utilise the excess liquidity to set its house in order, and blaming the Fed Reserve now would not help. Read more at …
Trade in bullish pattern till nifty will trade above 5350 .
Natural gas gained Rs 10000/- per lot yesterday .. Read more …
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Negative to gap down opening on 30 Aug 13