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Monday, December 7, 2009

Trading Strategy - Nifty Future -07th Dec’09


 
On Friday ,I had written 5085-5070 are crucial support levels.Boldly writtent to square short and buy small qty.(Just see it kissed low of 5078 & taken sharp U-turn )

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 will face Hurdle at 5134-5141.

-Crossover will take to 5162-51.

7DEMA :5092 ,If breaks this level…watch panic selling.

-Last hope for Bull’s :5070.

-If breaks 5070 with volumes then nonstop slide upto 4997-4973 in hrs not ruled out.