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Thursday, February 11, 2010

Trading Strategy - Nifty Future -11th Feb 2010

 

Yesterday written, have an eye on 4827 level level.
Decisive crossover
with volumes above this level  then ?
I expect nonstop rally upto 4880-4898 level in hrs only.

See what Happened:NF touched a high of 4824, struggled a lot around this level but failed to reach 4827 and collapsed from there
!!!Now ,What To Expect !!!

Yesterday closed at 4751.
Remember our level of 4676 is major support.And Above 4828 expect allround buying.(Simple Mathematics )
Short Term Support :4736 if breaks then expect slide upto 4707-4697.
Today will face Hurdle at 4766,Crossover will take to 4787-4803-4808 level.

Gap @ 4824 yesterday made an high of 4823.75
Yesterday just left to fill the gap with margin of 25 paisa.
Remember once crosses 4827 level with volumes and stays above this level for 5-10 minutes and Today is a weekly close.If able to close above 4827 then expect rally to continue upto 4880-4898 level.tr

Today watch for W formation pattern in Intraday trade.