Nifty outlook and trading levels for 12 Feb 13

Almost flat opening is expected with negative sentiments as bears are dominating at present , Nifty is trading below 20 and 50 day moving averages and channel also ...have a look at eod chart

Nifty closed negative after a positive start yesterday .We may witness one more choppy session as maximum indicators at eod chart are trading in oversold zone so fresh buying may be seen at lower levels . 5940 will act as stiff resistance for nifty spot.Traders are expecting for pre budget rally but 5830 is inviting nifty to come down and relax there ...wait and watch what is coming next ...
positional traders are advised to stay short with trailing stoploss at 5965  closing basis .
Trade in nifty futures as per these levels .
Buy at / above: 5926   Targets: 5945- 5964 - 5983 - 6003
Stoploss : 5904
Sell at / below: 5904   Targets: 5891 - 5872 - 5856 - 5839
Stoploss : 5926
Never oppose trend ...
Never trade without stop loss order ..
Never trade on emotions ..
Speculations / gut feeling may or may not always work....so avoid trading on gut feelings or speculations.
Have a look at 5900 ce buy call
kailash123p@yahoo.co.in (2/11/2013 9:37:30 AM): charts are looking gud for bulls
kailash123p@yahoo.co.in (2/11/2013 9:41:21 AM): buy 5900 ce at 80 sl 76.40 tgt 84 88
kailash123p@yahoo.co.in (2/11/2013 9:40:52 AM): low risk high reward trade 79.90 now
kailash123p@yahoo.co.in (2/11/2013 9:45:00 AM): ce traded 83.50 hope u enjoyed

kailash123p@yahoo.co.in (2/11/2013 9:49:03 AM): nifty trend is bearish but for intra we have planned ce buy
kailash123p@yahoo.co.in (2/11/2013 9:49:42 AM): hitting first tgt at 84 ...

VIX is moving up to know more about its impact please read ...
http://www.dhanvarsha.in/2012/05/things-to-know-about-volatility-and-why.html 

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