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Tuesday, February 16, 2010

Trading Strategy - Nifty Future -16th Feb 2010

 
Yesterday written, if  not able to cross 4849 level (Thursday High )then expect slide upto 4776-4759.Just see it kissed 4777 & taken U-turn in Intraday trade and and closed at 4796 level.

Remember :Two Consecutive close above 4827 will take to 4880-4898 level.

-Now suppose not crosses 4849 level and trades below 4793 with volumes then ?
7DEMA :4770 is crucial support.
Below this level ,I expect panicy bloodbath upto 4759-4748-4714-4703 level.