Friday, December 7, 2012

Nifty outlook and trading levels for 07 Dec 12


Positive opening with extremely volatile session ahead ....stock specific moves will be there ...Government may won on FDI bill in Rajyasabha too as having support from out side but it is Friday so profit booking at any moment can not be ruled out ...
Trade in Nifty futures as per these levels
Buy at / above: 5982   Targets: 6000 - 6022 - 6042 - 6065
Stoploss : 5969
Sell at / below: 5969   Targets: 5950 - 5931 - 5912 - 5893- 5863
Stoploss : 5982

Weekly nifty chart is showing that nifty is trading at March 2011 pivot lvl ..
either 6130 or 5700...or stay at 5900 -6000 for few weeks .
History repeats 

Trade with strict stop loss

Dhanvarsha 
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