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