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Wednesday, March 3, 2010

Trading Strategy - Nifty Future -03rd March 2010

 
Two consecutive close above 5025 level will take to 5144-5184 level.
From recent low of 4667 this is 3rd wave (Target 5057) .Inverse Head & Shoulder formation (Target 5045)


Thirsty Traders ,Just concentrate on levels. 
5039-5045-5057 are Hurdles.
Bollinger Band indicates to have CAUTIOUS approach. Save this :In a day or two will see sharp Intraday fall and it will be panic like position.
Rising Wedge on chart indicates rally may continue upto 5100-5150..No worry @ all.But vertical fall too not ruled out.

3& 7 DEMA will act as support levels.