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Wednesday, March 17, 2010

Trading Strategy - Nifty Future -17th March 2010

So Yesterday our Target of 5184 was also achieved.

Nifty Future :Crossed this level and kissed 5218 to close at 5205.

You all know ,I had written two consecutive close above 5025 will take to 5144-5184.

Now ,One more close above 5184.Will see NF kissing 5303-5344 level.


-Every Day its going up…ready to hit Rising line of Rising Wedge.

-Bigger fall ,Bigger Intraday slide will happen

Maximum it can rally is 5303-5343 (Extreme )

From Today ,Start going short in small qty.Yes ,Iam writing fresh selling.In next 1-2 sessions watch huge unwinding of long position in World Indices and heavy selling too.

Remember :3& 7DEMA are support ,now they are at 5160-5137.


What u all had earned in this Teji from 4667 till Yesterday or upto Today or upto 5300+ level.

All Gains will be wiped out in next 2-5 sessions itself.

-Be cautious at Higher levels ,But trade with levels.

Maximum it can rally is 5303-5343 (Extreme )

From Today ,Start going short in small qty.Yes ,Iam writing fresh selling.In next 1-2 sessions watch huge unwinding of long position in World Indices and heavy selling too.
Remember :3& 7DEMA are support ,now they are at 5160-5137.