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Friday, March 26, 2010

Trading Strategy - Nifty Future -26th March 2010

 Three Consecutive close above 5309 will take to 5566 level.(I think only 10% percent chance that it will zoom upto this level )

My Hurdles for Short Term Traders are 5303-5343 level.

-From Last 3 Days ,I was writing 5183 is crucial support.Just see it kissed 5180-5193 & yesterday made low of 5204.(Trade with levels to get money and always remembers views are one side of coin and trading levels another side of coin )


Watch Negative Divergence in RSI -Look at Daily chart.

Now ,Watch 5283 level very carefully.Crossover will take to 5307-5313 in Intraday trade.

-Major Hurdle at 5343.

Today Support at 5251 level.Break will take to 5232 ,5226 level.

-Watch 92 points triangle on Daily chart