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Tuesday, March 23, 2010

Trading Strategy - Nifty Future -23rd March 2010


Yesterday written , it will take support at 5183 level.Just for a moment @ opening bell kissed 5180 & taken U-turn.
Also written , buy Nifty futures between 5180-5190 levels and it kissed kissed 5260 levels and again crashed.
What else you want in life

Now ,What to expect from this level ?


5161-5131 are Crucial support for Swing Traders.

Once break and closes below 5131 will take to 5040-5010 level.

Watch 5183 is support for Intraday Traders.If breaks then only panic will start.

-Below 5183 ,I expect Intraday panic upto 5150-5139.

Today will face Hurdle at 5236.Crossover with volumes will take to 5255-5261.