NIFTY OUTLOOK AND TRADING LEVELS FOR 24 June 2013

Negative to gap down opening for nifty  is expected with extremely volatile session ahead and possibility of gap filling till the time nifty will  trade above 5600 but if in case slipped below 5600 and selling with volumes will be spotted bears will take it easily to 5500 5530… be alerted and plan your trades seeing market mood.

read more at http://dhanvarsha.in/spot-trend-first-select-wave-and-then-ride-on-it/

As  per  current data we are expecting today’s range between 5600  5680  for spot  nifty .

Trade in nifty futures as per these levels

Buy at / above: 5621   Targets: 5641 – 5659 – 5678 – 5697
Stoploss : 5600
Sell at / below: 5600   Targets: 5584 – 5567 – 5551 – 5531
Stoploss : 5621

DLF is quite gud at 170 level  buy on dips and book at high positional target 230 in 3 to 4 months  more than 30% return is  lucrative.

read more at http://dhanvarshagrp.blogspot.in/2013/06/buying-dlf-at-170-level-is-low-risk.html

Yesterday a  fellow trader accepted that he made huge amount at chat room calls …but ignored advise to place stop loss order and booked 60000/- loss on single trade …now he will never trade without stop loss …he said  that stoploss advised was giving him only 5 k loss but after paying 12 fold money he learnt the lesson and importance  of stoploss order .

Do not trade without stop loss order …you can stretch it as per your risk ..but beyond that no one can give you courage to book loss on your trade and you will only start praying for market to turn in your direction and also  cursing  the person who advised you to enter in trade … but you will never realize your fault that you ignored stop loss …

Stay logged in at Dhanvarsha chatroom …

Make a habit to share atleast 5 to 10 % of your gains …We have  placed pay pa radio buttons …so that  you can easily select and contribute  to encourage  Team Dhanvarsha using  credit /debit  ( ATM )cards or from your pay pal account …

NIFTY OUTLOOK AND TRADING LEVELS FOR 24 June 2013