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Friday, April 23, 2010

Trading Strategy - Nifty Future -23rd April 2010

-As expected ,Yesterday after crossing 5262 it kissed my target of 5280-5295 level.

I always say and write ,Read between the line 

One side movement was expected for Yesterday’s trade.Upto 3 :00 it was UP UP & UP only.And then crashed.

Now ,What to expect Today ?

The level of 5280-5295 again will act as Hurdles.Crossover with volumes will take to 5339-5354 levels.

Support exist at 5252-5241 ,Now suppose breaks 5241 level then ?

Nonstop slide upto 5207-5196 not ruled out.


Hourly Chart indicates from 1:30 till end session expect one side movement.


Just have an alarm of 2:10 ( 14:10 ).I see unexpected movement till end session.