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Friday, December 18, 2009

Trading Strategy - Nifty Future -18th 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 ,Nifty Future will have to cross 5179 then only it will show power.It kissed 5168 & crashed.Support was at 5021-5011-4997 …made low of 5008.



Orkut Myspace Friday Graphics and Comments

But dont be so happy ..exiton any high's
Now  in next few hrs or by Monday will see start of one side movement.

Remember :4997—-4973 are Crucial support levels.

Triangle target intact 4950.

-If breaks 4973 with volumes and closes below this level then watch nonstop panic upto 4900-4876 level in hrs only.

Hurdle :7DEMA :5068 ,If crosses with volumes then watch huge short covering upto 5096-5107 level.

-On Rise try to exit from Sensex/Nifty Stocks.