NIFTY OUTLOOK AND TRADING LEVELS FOR 28 MAY 2013

It was predicted that nifty may move above 1% on Monday but we have  under estimated up move of nifty and bulls also . Daily Nifty chart is showing that nifty moved up more than 1.9% and closed above 1.66%   with lower volumes and below pivot level .Few  indicators are not supporting up move here.so dilemma will be there and we will see both types of calls in market buy and sell…. trade according to intra day  trend ….volatility will be there…. expecting red closing today   .

Expecting flat to  slightly positive opening …initially range trades may be there between  6155  -6185   level later  market may trade  with larger  swings…. we can expect  profit booking at higher levels and buying at lows  ..

Trade in Nifty futures as per these levels

Buy at / above: 6084   Targets: 6100 – 6120 – 6139 – 6159
Stoploss : 6064
Sell at / below: 6064   Targets: 6048 – 6028 – 6009 – 5989
Stoploss : 6084

on Sunday night it was shared for Reliance  ”buy on dips    for 4  to 5 % gain within a week …  closed at 785   …tgt 820 plus ”  but 1 weeks target fulfilled within 1 day traded above 832 in only 1 session.

for nifty advised to buy at 5067 for last target above 6061   that too over shot and nifty future kissed 6200 in intraday trades

same for ce 6000  call advised to buy at 30  32   traded above 110 in intraday

see calls  at  http://clientsviews.blogspot.in/2013/05/chat-27-may-945-am.html

27 May 13, 09:18 AM

admin: wait will pass u when get solid signal

27 May 13, 09:20 AM

admin: BUY ce 6000 at 31 32 sl 27.90 tgt 36 39

27 May 13, 09:23 AM

johnny: INDUSSINDBK SPOT – BUYABOVE 504.50 SL BELOW 498 TGT 511/517

27 May 13, 09:23 AM

admin: BUY at / above: 5967 targets 5986-6003 – 6022 – 6042 – 6061 Stoploss : 5949

see  nifty futures eod chart traded at 6100 ….

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NIFTY OUTLOOK AND TRADING LEVELS FOR 28 MAY 2013