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Friday, March 19, 2010

Trading Strategy - Nifty Future -19th March 2010

Hurdles at 5303-5343 level.

Above 5025 ,It was mentioned will kiss 5144-5184.

Written to go short at 5144 - 5161 with s/l 5184

Also written ,two (2) consecutive close above 5184…Boldly written will take NF to 5303-5344.

(Already kissed 5272 on Wednesday ) but at 5270 boldly written to go short with s/l 5303-5344
and we saw 5215 from the high of 5272

So while trading keep your eyes and brain open

Today ,Watch 5275 level.Crossover will take to 5288-5303 level.
 
Never Trade Blindly in Mkt.

Many times ,I had written 3& 7DEMA are magic numbers for Nifty Future.
-Just see from Budget day till Yesterday never broken 7DEMA…………….and u say Iam Bearish.

(Always remember Saying is one thing ,Writing is another ,Giving Views is 3rd thing…….But most important is to Mint Money (Most Difficult )

Today again Best opportunity to sell if Revives.Sell around 5290-5300 level…Rising trendline is at 5313.So Sell and see Intraday panic.

Every DAY its rising….But it will create problem for Bulls only.

3DEMA :5233 ,7DEMA :5177

Today sellers will have upperhand.Open to close down ?Intraday panic not ruled out……….?