Profit booking day . sell on rise book gains at lower levels .Nifty started its day with gap up and soon moved to negative zone traded below 6700 for a while then settled to closed slightly above 6730 and prediction of closing below 6730 missed by 7 points .it was shared “Almost flat opening is expected with possibility of profit booking which may turn in panic selling at later stage and closing below 6730 can not be ruled out …”
Bearish engulfing after 3 Hanging man candles …It is Friday today ..we may expect more pain in Bulls and closing below 6680 will confirm for a healthy correction
Flat to negative opening is expected with lack of confidence in bulls . Buying interest may not be there only short covering may lift market up so advising to go short on swing highs but book profits also at swing lows .
Trade in Nifty futures as per these levels
Buy at / above: 6792 Targets: 6812 – 6833 – 6854 – 6874
Stoploss : 6769
Sell at / below: 6769 Targets: 6747 – 6727 – 6706 – 6686
Stoploss : 6785
Bank nifty selling started initiate positional short positions …Dhanvarsha traders are creating short positions in bank nifty and making money have a look .
admin: bn traded at 12605 bang on tgt 1 gained 90 plus points call was 2 Apr 14, 09:32 AM [×] [o] admin: SELL bn at 12700 695 sl 12860 tgt 12610 12524http://prntscr.com/36ajg8
admin: SELL bn at 12785 800 sl 12830 tgt 12710 12620
admin: 12651 traded bang on target call was kailash123p@yahoo.co.in (4/3/2014 9:17:43 AM): SELL bn at 12770 90 sl 12850 tgt 12670 100 points gain on call time taken less than 10 Minutes http://prntscr.com/36jpuu
[×] [o] admin: 12612 traded bang on tgt call was kailash123p@yahoo.co.in (4/3/2014 9:50:42 AM): SELL bn at 12696 720 sl 12780 tgt 12632 http://prntscr.com/36kqnr
[×] [o] admin: stbt BN at 12656 670
Advising to book gains on each trade …for BN 50 to 60 points trade is not a bad trade on general nifty moves 15 to 20 points and BN 40 to 60 points on each bullish / bearish wave.then either consolidation or retracement /reversal .
BN eod chart showing reversal confirmation …
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Profit booking day 04 Apr 14 : Friday
