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Thursday, March 18, 2010

Trading Strategy - Nifty Future -18th March 2010

5303 & 5343 are Major Hurdles.

Yesterday it was mentioned that NF will zoom upto 5275-5285.Go short around 5260 & forget.

Today ,What to expect ?

-Support exist at 5220 level.Break below this level with volumes will take to 5192-5188 (3DEMA )

Now Suppose breaks 5188 level and trades below this level for 5-10 minutes then real panic will start.

Crucial support at 5154 level-7DEMA

Hurdle for Intraday Traders :5261-5275 level.