Gap up opening is expected with increased volatility …reliance and infy both will try to take market towards previous closing level if successfully breached that level panic selling in market cannot be ruled out …advising to wait for opportunity and enter at correct level correct direction and at correct time .
Trade in NF as per these levels
Buy at / above: 7529 Targets: 7548 – 7567 – 7586 – 7608
Stoploss : 7509
Sell at / below: 7509 Targets: 7485- 7464- 7442 – 7421-7388
Stoploss : 7529
FIIs were net buyers on 5 Jun
Nifty eod chart is showing that spinning top supported bulls
Trade with patience and confidence
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nickel traded at 1120 bang on tgt call was 5 Jun 14, 12:33 PM [×] [o] admin: SELL ni at 1135 34 sl 1146 tgt 1128 1122 gains 12 points means 3000/- per lot http://prntscr.com/3pyaxw
273 traded bang on tgt call was kailash123p@yahoo.co.in (6/5/2014 7:16:36 PM): SELL nat gas at 276.40 70 sl 278.30 tgt 275.20 273.10 5000/- gained per lot
6058 traded tgt 2 almost dn call was 07:56 PM [×] [o] admin: SELL crude at 6148 55 sl 6171 tgt 6112 6054 http://prntscr.com/3pu2lt
7438 traded tgt dn 17 points gained call was kailash123p@yahoo.co.in(6/5/2014 12:51:01 PM): SELL nf at 7454 sl 7478 tgt 7439 http://prntscr.com/3ptqne
7456 traded bang on tgt gained 30 plus nf points call was 5 Jun 14, 02:21 PM [×] [o] admin: SELL nf 7488 7499 sl 7504 tgt 7478 7456http://prntscr.com/3pueup 7492 high traded
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Gap up opening with increased volatility