Monday, April 16, 2012

Intraday Nifty outlook for 16 Apr 12

Flat to slightly negative opening is expected ..
market may be choppy and traders will be cautious ahead of RBI credit policy  ..
Market will pick up its direction after minutes of RBI policy..
till then range trades ..
trade in Nifty futures as per these levels ..
Buy at / above: 5220  Targets: 5235 - 5253 - 5271 - 5289>>>
Stoploss : 5202
Sell at / below: 5202  Targets: 5186- 5168 - 5150 - 5132>>>
Stoploss : 5220

Never trade without stop loss order ...

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