Nifty corrected by 100 points yesterday after gap down opening , stayed in red whole day , once tried to recover after 2 PM but failed due to huge supply at 5830 level and nifty closed in deep red but above 50 dma at daily chart .
gap up opening is expected as discussed last day at 3.24.PM
30 Sep 13, 03:24 PM [×] [o] admin: market may open positive or gap up tomorrow reason ??? 30 Sep 13, 03:32 PM [×] [o] admin: nifty was recovering but panic selloff started at or after 3 PM when there were not much participation …means what ever was done ….done by big players and at low volume so expect some bouncing tomorrow .
buy on dips trade with stop loss and exit or book gains near targets.
Trade in nifty futures as per these levels..
Buy at / above: 5814 Targets: 5830 – 5849 – 5868 – 5887
Stoploss : 5795
Sell at / below: 5795 Targets: 5778 – 5759 – 5740 – 5722
Stoploss : 5814
It will be helpful to you if you are able to read and analyse real time charts and will be able to predict future moves using all inputs you have …if you are unable to do so please contact dhanvarsha…start our distant learning online trading chart reading and prediction course and make money on each and every shot …
Nifty corrected by 100 points
