Nifty spot is trading at very crucial level and its next 15 days move depend on staying up or down of it ...if it will move below 5930 with volumes and remains there then 100 points fall can not be ruled out if consolidates here or bounced with volumes then we may see a new high within 15 days so hold your breath and trade according to trend ...
have a look at eod chart showing 9 months period ,spot nifty is trading at bottom of up slanting channel but below 50 DMA ....now it is time to watch power of 50dma resistance and bottom support of trend line...
Trade in Nifty futures as per these levels ....
Buy at / above: 5970 Targets: 5987 - 6004 - 6022>>>
Stoploss : 5950
Sell at / below: 5950 Targets: 5932 - 5916 - 5896 - 5871
Stoploss : 5970
Trade according to trend ....and proper stop loss management ...
NTPC option gained 50% in intraday moved from 3 to 4.50 call was
kailash123p@yahoo.co.in (2/7/2013 10:08:38 AM): buy ntpc pe 150 at 3 sl 1.90 tgt 3.50 4.50 5 6 intraday
Ambuja moved as per prediction ....
call was
kailash123p@yahoo.co.in (2/7/2013 9:38:55 AM): sell ambuja in cash at 204.60 or below 205 sl 206.60 tgt 202.10 200.20 and below
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