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Friday, December 4, 2009

Trading Strategy-- Nifty Future --04th Dec’09


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 )


Today ,What to expect ?

Below 5167………..Don’t hold long !!

-3DEMA :5114 ,Break will create panic.It will slide to kiss 5094-5070 in Intraday trade.

ALERT :7DEMA :5085 -Crucial support at 5070.

Between these levels ,Buy small qty or cover your shorts.

-If suppose breaks 5070 level then ?

-If kisses 5085 & takes U-turn then ?