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Wednesday, February 17, 2010

Trading Strategy - Nifty Future -17th Feb 2010

 
Yesterday , mentioned two levels :4770 & 4849
Now ,What to expect ?

Nifty Future :Not breaking 7DEMA from last 3 sessions.
Everyday writing to concentrate on 7DEMA.
 
Today watch :4898 level very carefully.Crossover with volumes and trades above this level for 5-10 minutes then nonstop rally upto 4951-4969 level.
 
Last week ,I had mentioned about 2 Gaps.
  • 1st at 4824-It was filled.
  • 2nd at 4976 level. 
Above 4898,Watch Explosive move.
On going rally will fizzle around 4985-5025-5050 level.
3DEMA :4829......7DEMA :4793 are crucial support levels.