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Thursday, April 29, 2010

Trading Strategy - Nifty Future -29th April 2010

Yesterday ,I had written that below 5244 it will slide upto 5209-5198 level.

(It kissed exactly 5198 and closed at 5217 level )

This is 3rd time ,Iam writing :Just watch 5169 level.

-Three Consecutive close below 5169+ weekly close will take to 5032-4986 level.

-Short Term  own

-Medium Term  own



Today ,What to expect ?

Hurdles at 5235-5244 level.If able to cross 5244 with volumes and stays above this level for 5-10 minutes then expect Intraday spike upto 5272-5281 level.

-Support exist at 5198,Break with volumes will create another round of selling.Nonstop target of 5163-5152 not ruled out.

101% Any Rise ,Any Revival …Go short !!Already from 5398 to 5198 in just 15 sessions and this is a trailor only.I see unexpected price levels by 31st May-15th June !!

101% Withdraw your Money from Mutual Funds and just stay away from any Investment.