bounce from 50 DMA boosted nifty above 200 points …almost 50 % retracement will be seen .If sustained above 6150 for 2 hours or more panic short covering will be seen in market and NF will trade above 6200 …
Daily nifty chart is showing support levels
sgx nifty daily cart is showing that NF is trading between 38.2 and 50 % retracement levels . above 6185 nify may move towards 6240 50 below that 652 6080 5970 .
Huge gap up opening is expected after holiday . Market if sustained at or above 6150 60 for more than 2 hours panic short covering may be there and closing above 6180 6200 can not be ruled out but if failed to retain at or above 6140 nifty may crack to 6050 so stay cautious . Market may trade with wide range depending on traders sentiments . For real time calls and updates stay at dhanvarsha chat room http://dhanvarsha.in/chatroom/
Trade in Nifty futures as per these levels
Buy at / above: 6181 Targets: 6198 – 6218 – 6237 – 6257
Stoploss : 6162
Sell at / below: 6162 Targets: 6145 – 6126 – 6106 – 6087
Stoploss : 6181
Trade according to levels … consider all levels as buy above and sell below depending on price action .if NF fail to cross 6198 and you will find profit booking signals or weak-ness you may sell NF at or below 6198 keeping stoploss at 6218 for targets 6181 >>>6162 >>6145 and so on same when trade at lower levels suppose trading at 6106 and buying seen you may go long at 6106 keeping stoploss at 6087 for targets 6126 6145 6162 …so at any level seeing buying or selling you may plan your long /short trade for intraday trading .
Wall Street approved of Yellen’s performance by boosting every market following her appearance on Capitol Hill. Notably, Yellen said little to suggest the Fed would cease bond buying — known as quantitative easing — until signs of recovery were undeniable.
Bounce from 50 DMA boosted nifty above 200 points