Almost flat opening is expected with possibility choppy session and profit booking at higher levels .
Self explanatory line chart consolidating at 200 DMA , fib pivot and trend lines indicating possible support and resistance levels , e wave 4 in progress 5810 5739 5700 or 5631 below 5840 44 or 5900 5975 6025 6189 above 5840 …bias towards 5738. 5720
Yesterday, the market moved up and down as market makers refrained from building large positions ahead of the outcome of the two-day meeting of the FOMC. At the end of the day, the market managed to post small gains but the news of tapering would strongly affect the market.
Nifty may open at positive but fear of out come of FOMC meeting will force market participants to sell at higher level and sit on money will bring market to lower levels at later stage so advising to sell on rise and book profit at lows for intra days trades ..
trade in nifty futures as per these levels
Buy at / above: 5911 Targets: 5929 – 5949 – 5968-5994
Stoploss : 5893
Sell at / below: 5893 Targets: 5867 - 5851 – 5832 – 5811 – 5791Stoploss : 5911
pe 5800 advised to buy at 81 traded 3 times at entry level and target 1
Nifty advised to sell like this
firstname.lastname@example.org (9/17/2013 9:09:54 AM): call active Sell NF at / below: 5865 Targets: 5839 – 5814 – 5793 – 5774- 5752 Stoploss : 5892 may sell anywhere below 5890
and NF traded like this
Natural gas advised to sell at 238 39
email@example.com (9/17/2013 1:44:37 PM): sell natural gas at 238 238.50 sl 240. target 236.20 234.20 trading at 238
Spot the trend , plan your trade according to your trading style then enter in trade with proper stoploss order and target order punched in system..
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In eight sessions since Raghuram Rajan took over as the governor of the Reserve Bank of India (RBI) and came out with a series of measures to tame the weakness of the rupee, FIIs have pumped in nearly $1 billion net into Indian equities.
Data suggest that this may be the start of strong foreign fund flows, a report by Deutsche Banknoted. “While it may be premature to conclude if the worst of the FII selling is over, we highlight anecdotal data which illustrates that since the global financial crisis, bouts of sharp currency depreciation in India have generally been followed by periods of strong FII inflows into equities,” the report, by Abhay Laijawala and Abhishek Saraf of Deutsche Bank, noted.
choppy but negative market : 18 Sept 13