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Thursday, January 7, 2010

Trading Strategy - Nifty Future -07th Jan’10


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 )

Just see after closing above 5208 level.Already NF had zoomed upto 5303 level in yesterday’s trade.

Now ,What to expect from these levels ?

-Hurdles at 5317-5327-5367.

-Will go short around 5317-5330.Your stoploss will be 5367.

-Suppose not crosses 5303 (Yesterday’s high ) and trades below 5280 with volumes then ????

-Watch panic selling upto 5212-5189 level.

-Minor support at 3DEMA :5267.



ALERT
Short term looking highly overbought.

-Bollinger Band (Daily/Weekly )favouring Bears.

-Intraday correction/or downslide for 1-3 sessions not ruled out.



I Know u all Missed Rally in jagsonpharma/cipla/ruchinfra/nitin fire/nalco/tata sponge etc etc etc.


now dont miss out this.....(recommended to buy yesterday)



Now Just look at Inverse Head & Shoulder.

U need Third eye to look at patterns.


-Height of Head is 39 points.

-Once crosses 390 it will create unexpected fire work.Target Rs 425-430