Friday, March 16, 2012

Nifty out look 16 Mar 12

Flat to slightly positive opening is expected
5435 is crucial for nifty futures ...
go long above 5440  for 5470   5500  5525  sl for long 25 points maximum
stay short below 5430  targets 5375  5340 5295 stop loss maximum 25 points
budget day
market will be extremely volatile
vix increased means indication of fear in investors ..but vix is under 20 dma  may give some relief to  bulls
spot Nifty too closed below 5394 ..breaching of 5394 is mandatory for up move...
advised to trade according to levels
5393 on spot or 5435 on futures are the points from where bulls or bears will  take a lead


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