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Monday, March 29, 2010

Trading Strategy - Nifty Future -29th March 2010

 Three Consecutive close above 5309 level will take to 5566.

Above 5025,My level for Nifty Future was 5144-5184.Then once it closed above 5184 for 2 consecutive days then tgt was of 5303-5343.

Always trade with levels written(I may be bearish in mkt ,But if support levels are not broken then we have to use our Commensense. )


Negative Divergence in RSI

Six straigth week its closing up only.

Today ,It will have to cross 5313 level with volumes then only will show power.Crossover will take to 5332-5338 level.
Major Hurdle at 5343 level.

-Support exist at 3& 7 DEMA (i.e 5261-5252 )