Thursday, April 12, 2012

Nifty outlook 12 April 12


expecting flat to positive opening
iip data will be released today so market will be extremely volatile .
trade in nifty futures according to these levels
Buy at / above: 5256  Targets: 5271- 5289 - 5308 - 5326
Stoploss : 5238
Sell at / below: 5238  Targets: 5222- 5204 - 5186 - 5168
Stoploss : 5256 

Nifty may reverse its direction from any of the level mentioned above so reverse your trade according to trend .Suppose u bought at 5256 after reaching to 5294 nifty started towards 5387 , in that case reverse your trade with sl of 5308 and start trailing it.
see here ...http://www.dhanvarsha.in/2012/04/all-targets-achieved-in-nifty-5220-5289.html