NIFTY OUTLOOK AND TRADING LEVELS FOR 30 MAY 2013 , The expiry day

Nifty opened weak and stayed within a small range for the better part of the day; with up-move in the dying minutes saw the index closed just below the previous day’s close at 6104.30, a small loss of 6.95 points and in the process stayed above the psychological level of 6100. The broader market was negative, with 480 advances to 796 declines. Option Table for doomsday is perfectly poised at the center of the best support at 6000 and the super resistance at 6200

Flat to negative opening is expected with  volatility at peak …Nifty eod chart ended making hanging man candle  after spinning top,volume was comparatively low . trading well  above 20 dma . 6070 … if 20 dma wont broke than market will close at or above 6070   but if broken with volumes you can expect 5900  also …..so be cautious …trade wisely and with stoploss order punched in system…

Trade in June  Nifty futures as per these levels 

Buy at / above: 6126   Targets: 6143 – 6164 – 6188 – 6199
Stoploss : 6106
Sell at / below: 6106   Targets: 6089 – 6067 – 6048 – 6028- 5956
Stoploss : 6126

Bank nifty is trading at dangerous level , charts are not favoring bulls so only surprise  can take it up  ..nahin to ….ye sabko le doobega …

Fears that the Federal Reserve could soon taper its asset-purchasing program caused the Dow Jones Industrial Average to suffer its worst one-day loss in nearly four weeks on Wednesday and curbed risk appetite Asia.

Dhanvarsha

 

Trades of 28 May 13

present performance …

we do not believe in past performance

capital used per order less than 65k

total intra trades and gain is 20943 /-

brokerage max incl of all taxes less than 500 /-

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NIFTY OUTLOOK AND TRADING LEVELS FOR 30 MAY 2013 , The expiry day