Nifty daily weekly outlook : 10 Sept 13
1.5 to 2 % gap up opening is expected with choppy session or gap filling possibility. Last week it was predicted that nifty may trade at 5690 and nifty spot traded at 5688.60 please read more at http://dhanvarsha.in/nifty-macro-view-for-week-ending-06-sept-13/ .
2 hammers at weekly chart proved their credibility 5608 is bunch of resistances if breached then Nifty will trade at 5950 before Friday.
see Elliott wave projected on 2nd Sept 13 at http://dhanvarsha.in/almost-flat-opening-on-sept-02-2013/ nifty is behaving /moving in same way . as per daily eod chart nifty may trade between 5680 – 5950 during coming sessions where pivot will be at 5810 15 .
Trade in Nifty futures as per these levels
Buy at / above: 5776 Targets: 5792 – 5811 – 5830 – 5849
Stoploss : 5757
Sell at / below: 5757 Targets: 5740 – 5722 – 5703- 5684
Stoploss : 5776
Trade with stop loss order and according to trend , to learn more about stoploss order read at http://dhanvarshagrp.blogspot.in/2011/07/stop-loss-order-technique-you-must-know.html
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Nifty daily weekly outlook : 10 Sept 13
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