NIFTY OUTLOOK AND TRADING LEVELS FOR 07 May 2013

As per daily chart Nifty spot is trading at fib support level  passing through 5960 if bears will take it then next supports will be  5868  5794  and if bulls will hold control ( chances are lower at present ) stay in range at 6000- 6050- 6110  .

 

 

 

Bank nifty  recovered in last session but we may see selling pressure in it as its eod candle is showing confusion at chart .

Flat to positive opening is expected with chances of profit booking at higher level and sudden buying spike at lows can be observed….Trade in nifty futures as per these levels ..

Buy at / above: 6012   Targets: 6028 – 6049  - 6068 – 6088
Stoploss : 5991
Sell at / below: 5991   Targets: 5971 – 5954 – 5933 – 5914- 5884
Stoploss : 6012

Yesterday’s  calls …

kailash123p@yahoo.co.in (5/6/2013 9:17:54 AM): sell nifty at cmp sl 5992

kailash123p@yahoo.co.in (5/6/2013 9:18:08 AM): trading at 5952

kailash123p@yahoo.co.in (5/6/2013 9:43:01 AM): nifty gaining 20 plus poits

kailash123p@yahoo.co.in (5/6/2013 9:43:50 AM): book partial in nifty at 5934

kailash123p@yahoo.co.in (5/6/2013 9:52:48 AM): modify nifty sl to 5951 trading at 5939

kailash123p@yahoo.co.in (5/6/2013 10:15:12 AM): nifty is above 5956

kailash123p@yahoo.co.in (5/6/2013 10:18:43 AM): buy nat gas at 216.30 40 sl 214.30 tgt 217.90

kailash123p@yahoo.co.in (5/6/2013 10:25:31 AM): sell nifty at 5960 59 sl 5991 tgt 5934

kailash123p@yahoo.co.in (5/6/2013 10:37:58 AM): sell crude at 5193 5198 sl 5211 tgt 5182 5162 5142

kailash123p@yahoo.co.in (5/6/2013 10:41:21 AM): sell crude at 5198 sl 5211 tgt 5182 5162 5142

kailash123p@yahoo.co.in (5/6/2013 11:09:32 AM): nifty is behaving in same manner as picture painted before open at dhanvarsha

kailash123p@yahoo.co.in (5/6/2013 1:06:41 PM): gas trail with sl at 217.30 trading at 217.60

kailash123p@yahoo.co.in (5/6/2013 1:07:18 PM): nifty 5938 book full sold at 5958

kailash123p@yahoo.co.in (5/6/2013 1:43:43 PM): sell crude at 5215 sl 5226 tgt 5201 5191 and below

kailash123p@yahoo.co.in (5/6/2013 1:53:55 PM): crude possible reversal . sell on each opportunity with sl …if reversed in trend min 200 point move will be there

NIFTY OUTLOOK AND TRADING LEVELS FOR 07 May 2013