Monday, August 12, 2013

RSI , MFI at threshold : Nifty trading levels for 12 Aug 2013

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


IDFC_Daily_11-08-2013




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RSI , MFI at threshold : Nifty trading levels for 12 Aug 2013

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