Nifty outlook and trading levels for 09 Jan 13

last green candle
lower low  lower high
looks like hanging man
Nifty spot seems  in love with 6000 ..
left side gap is working as barrier   gap filling  required..

Selling at  6050   6055  is at lowest risk being top of range  sell  and keep  stop loss of 6067

almost flat opening is expected with volatility ahead stock specific moves will be there  ...traders are busy in initiating positions keeping view of expiry in mind and a large range is coming out according to option table .6200  highest call buildup 5800  highest put buildup seeing that traders are not able to decide where to go up  or down so Nifty spot is oscillating at 6000 plus minus 30 level ....we have to watch carefully breaking of this 60 point range who ever will take lead nifty will go there  till then  trade according to intraday trends and book small...

Trade in nifty futures as per these levels 

Buy at / above: 6066   Targets: 6083 - 6103 - 6120 - 6139
Stoploss : 6048
Sell at / below: 6048   Targets: 6031 - 6012 - 5992 - 5971
Stoploss : 6066

Natural gas advised to buy at 179.40  moved well ....

kailash123p@yahoo.co.in (1/8/2013 10:22:44 PM): buy nat gas at 179.10 and above sl 177.80 tgt 180 181 183

kailash123p@yahoo.co.in (1/8/2013 10:23:54 PM): buy nat gas at 179.40 and above sl 177.80 tgt 180 181 183

kailash123p@yahoo.co.in (1/8/2013 10:27:01 PM): 179..30 traded now 179.50

kailash123p@yahoo.co.in (1/8/2013 10:29:43 PM): 180 traded ......quick gains of 1000/- per lot in few minutes 

kailash123p@yahoo.co.in (1/8/2013 10:31:12 PM): 180.40 first tgt done