Negative news propagation may be trap also – 6th sense so spot trend then trade with proper stoploss order
50% retracement was expected above 5972 but it has moved up to 61 % retracement level due to panic SHORT covering ..still trading below 20 DMA, if failed to breach 20 dma and 61 % retracement level 6189 ..possible near term move 5750 can not be ruled out as per corrective e wave 3..learn more about Elliott waves more buying with volumes may take it up to 6265 level …respect 6202 spot for going long /short below 6158 panic selling can not be ruled out.
Moody’s maintains negative outlook on banking sector http://www.thehindubusinessline.com/industry-and-economy/banking/moodys-maintains-negative-outlook-on-banking-sector/article5363810.ece?homepage=true
Negative opening is expected with negatively biased range bound market may turn in sell mode at later stage to trade on our levels please refer http://dhanvarsha.in/bounce-50-dma-boosted-nifty-200-points/
Trade in Nifty futures as per these levels
Buy at / above: 6226 Targets: 6251 – 6277 – 6297-6320
Stoploss : 6199
Sell at / below: 6199 Targets: 6181 – 6162 – 6141 – 6123- 6098
Stoploss : 6226
[×] [o] admin: nifty moved up on SHORT covering ..and if up move is not supported by fresh longs means move is not supported by buying strength and it may tumble at any moment…. OI reduced by 394950
bank nifty is trading below 200 dma …possible supports 10500 10000 9600 upside levels 11500 12000
Free chat room update http://dhanvarsha.in/chatroom/
Trade with stoploss …trade with confidence …plan your trade first means plan your stoploss order before entering in trade and place it after that place your trade entry order it will prove that you are not trading in a hurry …Decay in options is increases near expiry so spot trend and momentum first then plan options trades for yourself …read more about time decay at http://dhanvarshagrp.blogspot.in/2010/06/optionsyou-must-know-about-time-decay.html
it was advised to Tahir that NASDAQ is going to crack and he may sell for near term target of 3357 3334… see NASDAQ corrected by 40$ within 12 hours .. so trade in correct direction and enter at correct level and right time …
is 40$ move in less than 12 hours is not enough ???
Negative news propagation may be trap
