Monday, October 29, 2012

Nifty outlook and trading levels for 29 Oct 12


Nifty spot may  trade in range today too..range may be 5640 -5720...RBI credit policy to be announced on 30 th Oct 12..Market is waiting for it to break its range .

Positive to gap up opening is expected with stock specific moves. Profit booking at higher levels can not be ruled out so sell at swing highs and book profits at swing lows .
Trade in nifty futures as per these levels
Buy at / above: 5730   Targets: 5752 - 5773- 5792 - 5811
Stoploss : 5712
Sell at / below: 5712   Targets: 5694 - 5680 - 5665 - 5646
Stoploss : 5730
happy b day 2 u ... 
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