RSS

Thursday, December 3, 2009

Trading Strategy--NIFTY FUTURE--03rd Dec’09 03 December 2009



Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )

Have a eye on 5168-5208 level.(Unexpected Buying above 5208 will start ,it will have to close above this level for 3 consecutive days …then 5327-5367 )

Yesterday ,I had written NF will face hurdle at 5161-5168.Just see it kissed 5154 & crashed Intraday upto 5103 level.

Today ,What to expect ?

If not crosses Yesterday’s high of 5154 & trades below 5132 level………….then ?

-Will crash to kiss 5096 ,5066-5044 in panic.

-Minor Hurdles :5132 ,crossover will take to 5145,5157 level.

Decisive crossover above 5168,Don’t remain short !!!