RSS

Monday, December 14, 2009

Trading Strategy - Nifty Future -14th 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 )

On Friday ,I had written Nifty Future after crossing 5165 will rally upto 5192-5200 level.(Just see it kissed 5189 & crashed upto 5081 level in Intraday trade and closed at 5112 )







Dear Readers & Traders :Just remember two points …

1)Two consecutive close above 5208 will take to 5327-5367 level in hrs only.

2)Break and close below 5067 for two consecutive days..then nonstop panic upto 4994-4970 level.

For Today’s trading :

-It will face Hurdle at 5142.Crossover will take to 5162-5169.Suppose crosses 5169 with volumes then will see 5189-5196 level in minutes.

-Support at 5078,Break will take to 5051-5043.