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Wednesday, December 9, 2009

Trading Strategy- Nifty Future -09th 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 :Suppose not break low of Yesterday -5051 ,then also will face Hurdle at 5086,5095 ,5139,5148.

-Now those who trade blindly ,can see NF kissed low of 5057 & taken U-turn to kiss 5163 level.(Yes all our hurdles were crossed )


Support for Nifty Future @ 5125-5104-5100.

Suppose breaks 5100 with volumes then ?

-Nonstop slide upto 5079-5070.

Once crosses 5165 with volumes will take to 5191-5200 level in minutes only.

Range :5070-5208 ,Break and close below or above these levels will create one side move.