RSS

Tuesday, December 8, 2009

Trading Strategy - Nifty Future -08th 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 )

Yesterday ,I had written it will face Hurdle at 5134-5141.It kissed 5134 & crashed.Below 5092,last hope was 5070.If u had seen once broken 5070 in next 5 minutes it crashed 5051 & closed at 5069.



Orkut Myspace Tuesday Graphics and Comments


-Below 5070 ,Bears will have upperhand.

-My target below 5070 are 4997-4973.

-Suppose not break low of Yesterday -5051 ,then also will face Hurdle at 5086,5095 ,5139,5148.

ALERT :Bank ,Steel ,Reliance ,ADAG Stocks ,Midcap FO stocks,Real Estate Stocks ….101% looking tired.Just don’t have long position in these stocks.