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Wednesday, December 16, 2009

Trading Strategy -Nifty Future -16th 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 )

In last 9 sessions twice it kissed 5191-5188 levels and crashed.(If u had kept stop of 5208 )then just think…How much u all might had minted ?

-From last 3 days writing it will show power above 5168 level only..see what happened ?

-Yesterday written below 5078 will create panic and will slide to 5050-5042.(Went down to kiss 5017)

From last 2 days ,I had indicated break and close below 5067 will take to 4997-4973 level.

Just refresh your memory ,Yesterday written about Triangle of 140 points.

-Just see Daily chart and see the triangle breakout had happened …in Yesterday’s trade.



Orkut Myspace Wednesday Graphics and Comments


  -Today ,In panic may slide upto 4997-4973 level.

-Triangle indicates panic upto 4948.

Now 3 DEMA :5072 ,7DEMA :5092 will act as Hurdles.