Opening bell for 8/1/2013

Good Morning !! NIFTY may open flat to negative. Yesterday's price action hinted about some correction in coming days. Sell the rise till 6030 taken out should be the strategy as of now. Negative divergence, selling cross on stochastic are seen in daily chart along with bearish engulfing candle stick pattern

Sell NIFTY below 5985 SL 6005 target 5960/5930 

Buy NIFTY above 6005 SL 5985 target 6030/6050

6005 is resistance level for the day.

NP-SAR for 8/1/2013: 5981

Free Stock Call: Sell SESAGOA below 200.5 SL 204 target 196/193 (All cash level)

Triggering of  NP-SAR (hourly closing) generally give 40-50 points at ease.

Wish you happy trading !!