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Tuesday, March 9, 2010

Trading Strategy - Nifty Future -09th March 2010

 

Yesterday written, to go short around 5148-5150 level with keeping stop of 5184/5210 on closing basis.

Just see-What happened ?
-Kissed 5145 …went down Intraday upto 5105 & closed at 5117.

Hurdles are intact :5144-5184.

I don’t change levels everyday

Now ,What to expect from this level ?

If not crosses -Yesterday’s high of 5145 & trades below 5123 with volumes then first support at 5095 level.

-After breaking 5095 level (Stays below 5-10 minutes will create panic in mkt)

-Watch freefall upto 5058-5036 level in panic.
 
7DEMA @ 5025.

Watch Rising Wedge on chart.
Always favour Bears & unexpected Bad NEWS not ruled out.


First hr top again crucial.

101% Sell on Rise.

Your stoploss 5184…closing basis.

Safest stoploss 5210