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Wednesday, December 30, 2009

Trading Strategy - Nifty Future -30th 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 as expected it crossed 5209 level and zoomed upto 5224 to close at 5194.
-Above 5209,My target is intact of 5254-5270.
Today ,Suppose not crosses (Yesterday’s high of 5224 ) and trades below 5206 with volumes ………..then ???
-Will slide to kiss 5161-5152 in panic.
-Below 5152 watch levels of 5134.
-Crucial support at 7DEMA -5111
*Points to remember :Yesterday’s high if crossed with volumes then Firework to continue.
*If not trades /crosses yesterday’s high and trade below 5206 then watch Intraday panic.
So did u people enjoyed the spurt in yesterdays recommended shares 
*Again recommending to buy brandhouse retails
Some more scripts are--
*Bharti Airtel
*satyam computers