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Wednesday, August 29, 2012

nifty views

as per chart pattern i am expecting ns to open with positive bias near 5294 and ns  may trade in 5269-5323 range and close near 5312-16 range tomorrow and then a small upmove is  is expected towards 5358 on friday and from monday another round of fall may commence for trgts of 5150-5130 range
fed meets on friday and may make some announcement regarding QE3
charts are indicating it may not come or if it comes then may not enthuse markets

 BANK NIFTY
a small bullish WW pattern developing in BN 5 min charts
may open with positive bias and may move towards 10080-90 levels near 12.30 noon
buy any dips below 10000 for trgts of 10080-90

expiry jackpot
buy 5300ce below 4rs..trgts may be 20+

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