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Wednesday, March 31, 2010

Trading Strategy - Nifty Future -31st March 2010

I need 3 Consecutive close above 5309 for target of 5566 level.
(Yesterday could have been the second day but unfortunately as expected slipped below ,.already told chances are only 10 %)

Short Term Hurdle was at 5343 level.Day Before Yesterday kissed that level and crashed.

Yesterday boldly written will crash upto 5292-5262.Exactly made low of 5263 & closed at 5274 level.

Now ,What to expect ?

Support exist at 5262-5252 level.Now Break below 5252 will create panic selling.

-If trades below 5252 for 5-10 minutes will crash upto 5221-5211 level.

-Now ,Don’t act smart/never trade blindly :Read twice -If not able to break (Yesterday’s low of 5262 )then it can spurt upto 5288-5303-5308 level.

-Sell Sell Sell is our mantra

-Don’t Jump and Buy any stock.