Monday, February 4, 2013

Nifty outlook and trading levels for 04 Feb 13


Flat to positive opening is expected ,nifty may trade in green zone for few hours but it is expected that it will move to red zone as early as bears will start gathering .As Nifty is trading below 20 day moving average so advised to sell on rise and book profits at low . positional traders are advised to stay short with  sl of  6102 closing basis .
Trade in nifty futures for intra day trades  as per these levels

Buy at / above: 6064   Targets: 6080 - 6100 - 6120 - 6139
Stoploss : 6045
Sell at / below: 6045   Targets: 6028 - 6009 - 5989 - 5970
Stoploss : 6064



Trade according to trend and use strict stoploss.
For weekly view  visit
http://www.dhanvarsha.in/2013/02/nifty-analysed-for-week-ending-08-feb-13.html