Nifty outlook and trading levels for 06 Dec 12

Flat to negative opening is expected with range bound market ahead .Ruling party won voting in LS but Rajya sabha is still there  so FDI bill is still pending ...stock specific moves will be seen .
Trade in Nifty futures as per these levels .
Buy at / above: 5962   Targets:  5983 - 6003 - 6022-6034
Stoploss : 5938
Sell at / below: 5939   Targets: 5923 - 5903 - 5879 - 5865
Stoploss : 5962
BEML traded at 332 advised to buy at 288 on 04 Dec 12 like this  ..
Beml is showing breakout after deep correction buy on dips and book at highs every day to accumulate nice gains from it ..3 to 5 % up move within 30 days cannot be ruled out

Have a look at today's eod chart

Nifty is making dojis and spindle tops which are sign of consolidation  ...after that we may see another  break out or retracement / reversal ...what is next will see either today or tomorrow ...it  is 13th day of trend change ...as per Fib an important number ....be cautious .

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