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Monday, March 15, 2010

Trading Strategy - Nifty Future -15th March 2010

Then above 5025..My target was 5144-5184 level.

-Already kissed 5169..On Friday

(Yes ,Still holding Puts and averaged out and sold Calls too )
Now ,What to expect ?

Rising Wedge will favour Bears only.

Out 100 stocks ,90% are Toppish and panic selling will start.

I don’t change levels every day.My targets were 5144-5184.


Two Consecutive close above 5184 will take to 5303-5343.

Chances very very remote ,every 2nd person will get trapped at Higher levels.


Now ,What to expect from this level of 5145 ?

-101% Go short with stoploss of 5184 -Closing basis.

-Today if not crosses 5169-High of FRIDAY (Read twice)
And trades below 5137 with volumes then first target on your trading screen will be of 5113-7DEMA

-I see panic upto 5076-5053 in hrs only.(Conditon not to cross 5169)