Monday, December 3, 2012

Nifty outlook and trading levels for 03 Dec 12


Flat to positive opening is expected where market players will be busy in finding direction so expecting stock specific moves .Trade in Nifty futures as per these levels
Buy at / above: 5926   Targets: 5945 - 5964 - 5983- 6003
Stoploss : 5903
Sell at / below: 5903   Targets: 5893 - 5874 - 5855 - 5836
Stoploss : 5926

Trade with proper stop loss orders
auto and cement stocks will be in momentum today due to their sales data .
Tata motors posted below than expected sales so we may see selling pressure in stock ...Maruti numbers are gud but stock looking weak on charts so be cautious before initiating any position in stock .
http://www.dhanvarsha.in/2012/12/maruti-moved-opposite-to-market.html
MCDOWELL-N is not very strong on charts so  sale on rise and book at lows ....reason is stock is in news and may turn its direction at any moment but at present it is in bears grip trading at 2000/-possible target 1500 and below within 60 days
Send add request to kailash123p@yahoo.co.in
Join Dhanvarsha to improve your trading style.