Red candle /negative closing after spinning top at eod Nifty confirming that profit booking /small correction is on the way ..major support at chart is spotted at 7050 .
Negative to gap down opening is expected with bearish sentiments ..stock specific moves …wild moves with increased volatility will be there …do not plan trades if move is not there ..enter in trade only when you are quite confident .
Trade in NF as per these levels
Buy at / above: 7336 Targets: 7349 – 7370 – 7392 – 7413
Stoploss : 7315
Sell at / below: 7315 Targets: 7294 – 7271 – 7249 – 7228-7197
Stoploss : 7336
Huge buildup seen at 7300 7400 7500 calls is clearly indicating that nifty may expire between 7000 >< 7340 earlier it was projected here http://dhanvarsha.in/nifty-range-7000-7500-expiry-week/
crude gained more than 10000/- per lot yesterday
calls were
[×] [o] admin: crude traded at 6105 gained 7500/- or more per lot on trdae call waskailash123p@yahoo.co.in (5/27/2014 11:44:22 AM): SELL crude at 6181 83 sl 6194 tgt 6152 6104 ( strict sl ) http://prntscr.com/3n21uk
[×] [o] admin: 6132 traded bang on tgt 1 BOOK 50 % call was 27 May 14, 09:03 PM [×] [o] admin: SELL crude at 6152 59 sl 6167 tgt 6132 6104 http://prntscr.com/3n3a90
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Red candle /negative closing after spinning top at Nifty
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