Wednesday, December 5, 2012

Nifty outlook and trading levels for 05 Dec 12

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Positive  to gap up opening is expected with mixed sentiments and cautious view.Debate on FDI is going on and voting on issue will be done in parliament . We are seeing stock specific moves ...few stocks are correcting and few are accumulating ...so we will plan our trades according to intra move .
Trade in Nifty as per these lvls
Buy at / above: 5931   Targets: 5946 - 5964 - 5983 - 6003
Stoploss : 5912
Sell at / below: 5912   Targets: 5896- 5874 - 5855 - 5836
Stoploss : 5931

Jet airways is giving mast sell signal as per candles formation firstly three black crows then deception again bearish engulfing so we can expect 10 to 15 % crack in 1 month in this scrip according to candles ..upside risk is limited  but high beta stock so be cautious before initiating your short position ..