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Friday, April 9, 2010

Trading Strategy - Nifty Future -09th April 2010

Refresh your memory ,Just 2 days back I had written next 3 days very crucial for Market and as expected Global Indices will melt.(Just see what had happened ? )

Day before Yesterday written Sell NF and Yesterday too written to sell and exit.So from 5398 to 5290 in 48 hrs only.

Now ,What to expect from this level of 5302????


Now ,Just watch 5290 & 5277 levels.

-Once breaks 5277 level with volumes and closes below this level then expect nonstop slide upto 5236-5223 level in panic.

-Don’t trade blindly and never think or consider yourself more smart or Intelligent then mkt.

Suppose not breaks 5290 -Yesterday’s low then also will face Hurdle at 5324 level.
If crosses 5324 level then expect Dead Cat bounce upto 5344-5351 level.

My Laxman Rekha is at 5566 level (Complete correction from 6636 to 2228)


Don’t act blindly and bark.

If breaks 5277 then only panic.

Hrly chart indicates from 13:00 hrs till end session will see one side move in mkt.