Flat to negative opening is expected with choppy session ahead .... may pick up direction at later stage .Spot Nifty is trading in range and hovering around 20 DMA , it seems that bears may take control and drag it down towards 5850 60 spot .
Futures are strong above 5958 and weak below 5942 for intra day trades ...
Trade in nifty futures according to these levels .
Buy at / above: 5965 Targets: 5984 - 6003 - 6022 - 6042
Stoploss : 5944
Sell at / below: 5944 Targets: 5930 - 5912 - 5893- 5874-5862
Stoploss : 5967
Trade with stop loss orders if your concepts are not clear please visit
http://www.dhanvarsha.in/2011/07/stop-loss-order-technique-you-must-know.html
10 days hourly nifty chart is indicating that trading range is squeezing ...soon we may see range break
as per chart panic may be seen above 5960 and below 5920...
