Thursday, December 5, 2013

Huge gap up opening of 70 90 points is expected

Huge  gap up opening of  70  90 points is expected due to exit polls out come . Fib also knew the same fact so prices were standing at 50 % retracement level in Nifty


NIFTY_Daily_04-12-2013


Yesterday SGX was in bears grip after 12.45 PM  6248 to 6184 traded  and now trading above 100  points at 6284. Watch carefully and trade wisely ..Try to judge big players game plan  hold at 6270  90 level ,  forced short covering  or profit booking these all possibilities we may judge only seeing market move after start nothing can be said right now.


sgx1245


Trade in Nifty futures as per these levels


Buy at / above: 6320   Targets: 6336 – 6356 – 6376 – 6396
Stoploss : 6300
Sell at / below: 6300   Targets: 6283 – 6263- 6244- 6224
Stoploss : 6320


Spot trend and trade as per trend  with proper stop loss order punched in system .


 



Huge gap up opening of 70 90 points is expected