Thursday, March 6, 2014

How to trade Nifty today

Nifty all set  to touch the all time high. We do not know whether Nifty achieve the level. Or even if the level touched can the market stay above the all time high ? what stocks can contribute much ? So many question rising in traders mind.

We have made a technical analysis based on that we reached certain level in which trader can decide positioning.


Possible trading ranges in Nifty tomorrow

If Nifty Future opening between 6440-6457 range then it is considered as bullish

If Nifty Future opening between  6403 -6420 then it will be considered as bearish

We recommended traders to be cautious as some selling expected at the current level

We keep neutral tomorrow. But we will be selling If Nifty future falls below 6412

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