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Thursday, April 22, 2010

Trading Strategy - Nifty Future -22nd April 2010

Yesterday ,I had written to watch 5267 level very carefully.Just see it kissed 5265  & crashed.

Closed at 5245 level.

Minor Hurdles at 5262.If crosses with volumes then I expect 5280-5295 level.

Now ,Suppose not crossing (Yesterday’s high ) of 5265 & trades below 5233 level then ?

-Will take to 5207 level.There after 5187-5181 level.

*Zig Zag move to Continue.

* Hourly chart indicates from 12 till 15:15 ,I see one side movement.

Remember :5169 is Major support.2 Consecutive close below 5169 will create panic selling.

My target below 5169 are -5032-4986 level.