Thursday, March 24, 2011

Dhanvarsha crucial Nifty Futures Levels and market prediction


Never enter in trade only on your gut feeling chances of win may differ …depending in market moves …

<<<<5453>>><<<<5473>>>><<<5494>><<<5515>>><<<5531>>><<<5562>>><<<5585>>>      

 Flat to positive opening is expected amidst mixed global sentiments. Huge short covering and unwinding of positions were noticed in previous season indicating that indices moved and kept  up purposely so that small traders could be forced to cover their shorts and big players could reap nice gains…
INST.OPTIONEXDATESTRIKEPROPENHIGHLOWCLOSECONTS.OPENINTC'O'INTCOST
Rs.
FUTIDXXX31-Mar-20110.05415.05504.55415.05500.25402,40420,743,300-1,163,450275,012.5
FUTIDXXX28-Apr-20110.05445.555523.85442.055518.546,6976,202,300521,950275,925.0
FUTIDXXX26-May-20110.05460.05545.05460.05540.111,0212,102,000-148,900277,005.0

 crude is still at higher rates but markets were at peak . now nifty spot is stopped  below 50 dma located at 5505  trades above it will hold market above 5500 and below it we will witness profit booking .
Traders are confused and unable to decide for market direction that’s why sgx nifty traded in the range of 5273 to 5799 …

so be cautious never overexpose your position . Risk and rewards both are here or we can say gains and pains both are here it depends what is waiting for you. …yesterday FIIs bought index futures of more than 300 Cr …what for ? fresh buy or short cover they know better ….

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