Saturday, May 2, 2009

Nifty Outlook 04-MAY-2009

Flashback

Nifty trigerred long level, zoomed to achieve targets. In a week truncated by two holidays we had brilliant movement in nifty. As they say in spain, El dorado for Day traders .

For monday trading

Bull Level

Buy nifty future at 3450 with stoploss at 3410 for targets 3495, 3520, 3545, 3575


Bear Level

1) Short nifty future at 3575 with 3601 as stoploss for targets 3520, 3495, 3450, 3425.

2) In the scenario of nifty future breaking 3410, short nifty at retracement level of 3430 with stoploss at 3455 for targets 3375, 3345, 3315.


Jewel of ADAG may retest resistance




On monday short relinfra at 730 with stoploss at 754 for targets 695, 680, 665.

World Markets (delayed)