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Friday, December 11, 2009

Trading Strategy - Nifty Future -11th 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 )


 From last 4 days ,Iam writing Nifty Future Support levels are 5100-5070-5050.

(Just see Monday low of 5051,Tue low was 5057,Wednesday kissed 5090 ,Yesterday made low of 5084)


-Major Hurdle :5165…..Once crosses with volumes and stays above this level for 5-10 minutes will take to 5191-5200-5208 level.

Today’s support level :5114,Break with volumes then watch for above mentioned support levels.