Gap up opening is expected as Singapore nifty is trading at or above 1 % . Action pack expiry week started and this is expiry volatility , nifty may move up or down by 200 to 400 points due to increased volatility but sometimes dull sessions also spotted where nifty traded within 100 points range in entire week and within 30 points range on expiry day so , every thing is possible .
The Nifty struggled to get past the prior swing high at 6,230. After edging above this level, the index closed on a distinctly weak note on Thursday. This is a sign that sellers are still active at higher levels. Until there is a convincing breakout past 6,250, the pressure would be on the downside.
Read more at: http://www.firstpost.com/investing/rbi-banks-hold-key-to-how-nifty-will-move-this-week-1195595.html?utm_source=ref_article
Nifty came down of up trending channel … buying with volumes will pull nifty up towards 6350 otherwise it will move towards 6020 , 5850 in slower pace in next week… have a look at eod chart
Trade in Nifty futures as per these level
Buy at / above: 6201 Targets: 6218- 6237 – 6257- 6277
Stoploss : 6181
Sell at / below: 6181 Targets: 6165- 6145 – 6126 – 6106
Stoploss : 6201
bank nifty ….dilemma is still there http://dhanvarsha.in/bank-nifty-maintained-upside-momentum-last-week/
Gap up opening is expected 28 Oct 13
