Friday, September 27, 2013

Nifty entering in Oct Month on 27 Sept 13

Nifty entering in Oct Month on 27 Sept 13  wit flat to slightly negative opening is expected with possibility of profit booking at higher levels . Intra day  view sell on rise and book profits at low . positional  view start accumulation at lows for nifty short term target of 6250  6300 within a month or 2 . plan your trades accordingly.


Daily nifty chart is consolidating in  5800- 5900 range ,it may stay here for  few more sessions then it will break its range . Market won’t move 200  or 300 points  till it is bounded in these two red horizontal lines shown at chart .



 


Trade in Nifty futures as per these levels


Buy at / above: 5971   Targets: 5987 – 6005 – 6024 – 6045


Stoploss : 5946


Sell at / below: 5946   Targets: 5926 – 5911 – 5891 – 5872- 5854- 5826


Stoploss : 5971


Trade  in direction of wave  first of all spot it and then ride on it … never try to catch the falling knife . 


 



Nifty entering in Oct Month on 27 Sept 13

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