Friday, June 15, 2012

Trading Strategy for June 15, 2012

The Nifty is likely to open positive on the back of positive global cues. It is
likely to trade in the range of 5030-5110. The trading strategy would be to create
long positions if the Nifty takes support at around 5040 levels for targets of 5075
and 5100. On the other hand, one can also create short positions if it resists at
around 5110 levels

Nifty is likely to open at around 5075, hence wait till reaching till 5110. do not be adventurer. to go long and then short. Just wait for first 15 min and then decide what to do. Because, there is risk to carry forward your position, as next week is very crucial and important news even, RBI policy and Europe debt crisis.

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