Wednesday, April 4, 2012

a choppy session with profit booking

pre market post was
spot Nifty was stopped by upper falling trend line passing through 5380
5300- 5325 will act as support ...
global and Asian cues are not supporting bulls..therefore a  choppy session with profit booking at higher levels can not be ruled out .
Negative to gap down opening is expected ...
Trade in futures as per these levels
Buy at / above: 5402  Targets: 5417 - 5436 - 5454 - 5473
Stoploss : 5383

Sell at / below: 5383  Targets: 5368 - 5349 - 5331 - 5313
Stoploss : 5402

all levels above last traded price will act as resistance and levels below ltp  will act as support  ..so plan ur sls accordingly.
and nifty futures traded like this