RSI , MFI at threshold at eod Chart … Flat to slightly negative opening is expected with possibility of choppy session … buying / bottom fishing was spotted on Thursday, Nifty moved up with support of open interest , 266550 shares added in OI which was a healthy sign for bulls . expecting one more positive closing today.
Trade in nifty futures as per these levels
Buy at / above: 5580 Targets: 5601 – 5622 – 5640-5664
Stoploss : 5558
Sell at / below: 5558 Targets: 5539 – 5515 – 5497 – 5478
Stoploss : 5581
Trade according to levels nifty futures will likely to trade above 5600 level and may close well above it.
IDFC is looking attractive closed at 107 it is a good buy above 104 with sl at 102.85 and targets 108 111 114 possible upside breakout may be there
RSI , MFI at threshold : Nifty trading levels for 12 Aug 2013