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Friday, January 8, 2010

Trading Strategy - Nifty Future -08th Jan’10


Already kissed 5303 level.

From Last 3 Days ,Iam writing Go short in Nifty Future with stop of  5317-5327-5367 level.

Now ,What to expect from this level of 5266 ?

-Below 5280 will favour Bears only.

-If not crossing 5303 & remains below 5280….will see panic upto 5212-5189 level in hrs only.

-Today ,Will face Hurdle at 5276.Crossover will take to 5290-5303 level.



ALERT
Yesterday I had written IT Stocks looking weak and u all might have enjoyed free fall in Auto Stocks as mentioned  2 days back.