Monday, September 23, 2013

Nifty view for Sept month expiry week

Dhanavarsha chatroom for real time updates and calls  at http://dhanvarsha.in/chatroom/


Nifty macro view as per weekly chart :- last  weekly candle  is ended making spinning top  indicating for dilemma in traders  , zone  is  bullish ,up or down both moves may be there as per candle  but  profit booking has  already been started on Friday so looking down to  5850  5700 before  expiry .


NIFTY_Daily_22-09-2013


Daily chart is indicating  that 5850  5740 5560  are supports and  6100 is resistance   , 5850 must hold nifty for expiry day if 5850 will break then 5740 may hold below that free fall and panic sell off cant be ruled out.

NIFTY_Weekly_22-09-2013


Gap down opening of 1 to 1.5% is expected with bearish sentiments . possibility of choppy session which may turned  in increased volatility but red closing cant be ruled out .

Trade in Nifty  Futures as per these levels

Buy at / above: 5971   Targets: 5988 – 6008 – 6027 – 6048
Stoploss : 5955  

Sell at / below: 5955   Targets: 5933 – 5912 – 5893 – 5874
Stoploss : 5971

Trade according to trend- do not oppose it if you do not know how to swim please do not jump into the  river.

 



Nifty view for Sept month expiry week

No comments:

Post a Comment

Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards