Negative to gap down opening is expected with possibility of gap filling..Global markets are trying to absorb yesterdays shock ..selling climax was observed at nifty yesterday…
A period of extraordinary volume which comes at the end of a rapid and comprehensive decline which exhausts the margin reserves of many speculators or patience of investors. Total volume turnover may exceed any single day’s volume during the previous upswing as Panic Selling sweeps through the stock or commodity. Also called a Clean-Out Day, a Selling Climax reverses the technical conditions of the market. Although it is a form of a One-Day Reversal, it can take more than one day to complete.
Almost 30 lac share added in nifty oi which was 4 fold of average trade ..comes under suspicion..it seems big players created long positions …and will add more during today’s gap down open as expected…
Dow futures are creeping up since last six hours …
Trade in Nifty futures as per these levels
Buy at / above: 5602 Targets: 5622 – 5640 – 5659 – 5678-5698
Stoploss : 5587
Sell at / below: 5587 Targets: 5571 – 5553 – 5534 – 5515
Stoploss : 5606
Crude sell call worked well gained more than rs 10000/- per lot
call was shared here in real time http://dhanvarsha.in/sell-jul-crude/
Rs 10000/- within 24 hours ….on single lot….
investment less than 40 k
Join Dhanvarsha
NIFTY OUTLOOK AND TRADING LEVELS FOR 21 June 2013
