NIFTY OUTLOOK AND TRADING LEVELS FOR 20 June 2013

Gap down opening is expected with possibility of extremely volatile session ahead ..we are not expecting more bleeding here at 5720 5730 at least for today …so advised not to go short here at 5720 30 but yes if  you will find buying opportunities at lows go long  for gud intraday gains …

It becomes very difficult to judge about the intraday direction of market after 1 to 1.5 % gap down opening ..three possibilities  will be there ..

range trading

smooth recovery – gap filling

more and more selling due to long unwinding s …

so advising to wait for 10- 20 minutes and watch care fully what is going on… then trade accordingly  with strict  sl order punched in system ..

trade in nifty as per these levels 

Buy at / above: 5738   Targets: 5754 – 5773 – 5792 – 5811
Stoploss : 5719
Sell at / below: 5719   Targets: 5703 – 5684 – 5665 – 5646
Stoploss : 5738

Do not trade without stop loss order …

Asian equities widened their losses on Thursday after a dismal Chinese manufacturing report worsened sentiment that was already unnerved after the Federal Reserve confirmed fears of reducing its bond purchases later this year.

Australia’s benchmark tumbled 2 percent, Japan’s benchmark Nikkei fell 1 percent,knocked off the previous day’s one-week high. Both South Korea’s benchmarkKospi and the Shanghai Composite traded at 2013 lows.

Emerging Asia was also badly hit, with the Philippines’ benchmark index and Indonesia’s Jakarta Composite sinking 2.5 percent each.

The FTSE CNBC Asia 100 index, which tracks the performance of the region’s 100 largest companies, slumped 3 percent to an intra-year low.  http://www.cnbc.com/id/100829625?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=100829625|Asia+Follows+Wall+Street+

NIFTY OUTLOOK AND TRADING LEVELS FOR 20 June 2013