Tuesday, September 24, 2013

Expect volatile session on 24 Sept 13

Negative to gap down opening is expected with possibility of range bound /choppy session ahead between 5860 >< 5940 . 
Volatility may be there as only 2 sessions are there for settlement . 2 out of 6 indicators  may support bulls as per eod  daily nifty charts...So bears  may or may not take a pause today ...
If they will not stop nifty will trade  and close below 5850  if they will be relaxed nifty may trade in 5850 5950 range

Trade in Nifty futures as per these levels
Buy at / above: 5916   Targets: 5929 - 5948 - 5967 - 5996
Stoploss : 5897

Sell at / below: 5897   Targets: 5878 - 5858 - 5836 - 5816-5792
Stoploss : 5916

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