Dhanvarsha: NIFTY OUTLOOK AND TRADING LEVELS FOR 19 June 2013

Wednesday, June 19, 2013

NIFTY OUTLOOK AND TRADING LEVELS FOR 19 June 2013

Yesterday it was predicted that nifty will trade in range with increased volatility …same happened ..Nifty traded between 50 points range ..

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kailash123p@yahoo.co.in (6/18/2013 9:28:39 AM): same possibility nifty may trade in 20 30 points range trading NF at 5820 so seems 5810 5845 todays range

kailash123p@yahoo.co.in (6/18/2013 9:30:53 AM): buy nifty at and above 5816 sl 5797 trading at 5820
kailash123p@yahoo.co.in (6/18/2013 9:34:12 AM): buy 5800 ce at 80 81 sl 73 tgt 87 94

Traded above 102 ..

open 90.1 high 102.4 low 64.1 close 69.4

kailash123p@yahoo.co.in (6/18/2013 9:52:20 AM): nifty tgt 5837 5853

kailash123p@yahoo.co.in (6/18/2013 10:49:37 AM): 5832 ce at 85 book 50 %

kailash123p@yahoo.co.in (6/18/2013 10:57:16 AM): 5838 traded nifty bang on tgt 1 5816 to 5838

kailash123p@yahoo.co.in (6/18/2013 10:58:22 AM): book full out of full at 36 38

kailash123p@yahoo.co.in (6/18/2013 12:58:18 PM): buy nifty at 5815 20 sl 5697 tgt 5839

kailash123p@yahoo.co.in (6/18/2013 1:22:48 PM): book 50 % at 5830 31

so buy at low and sell at high was strategy …have a look at chart of nifty

You can make more money en cashing volatility …to know more read here

Negative to gap down opening possibility is there as after 6.30 AM global and Asian markets came in pressure …this will be seen here also and if market will slip below 5780 then it may remain in pressure for entire session …be cautious …

Trade in Nifty futures as per these levels

Buy at / above: 5811 Targets: 5830 – 5849 – 5868 – 5887
Stoploss : 5786
Sell at / below: 5786 Targets: 5772 – 5759 – 5740 – 5722
Stoploss : 5811

nifty closed at 200 dma following long legged candle we may name it hammer / hanging man ..as its position is not clear so we are leaving name ..but negative opening may trigger buying at low levels and 50 to 60 points up move / positive close can be expected