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Monday, May 3, 2010

Trading Strategy - Nifty Future - 03rd May 2010

Three Consecutive close below 5169+ weekly close will take to 5032-4986 level.
-Short Term  own
-Medium Term  own

On Friday ,I had written that 5272-5281 are Hurdles.Crossover will take to 5309-5318-5327.(It kissed 5290 & crashed )

Today ,What to expect ?

Support at 5244-5238 level.Break will take to 5215 & there after watch 5198-5192 in minutes only.

-Trend line support at 5213 level.Around this level take a risk of Rs15-21 and u can Buy small qty or can square your short.
Iam not interested to Buy Nifty Future at any level.On Rise Sell Sell Sell is my Mantra.
-Hurdles are same :5272-5281-5309-5318.

-Stock specfic upmove can’t be ruled out.Like u all enjoyed explosion in ONGC ,Dr.Reddy,Lic Housing…last week boldly recommended to buy.


-Not Today ,But Time Theory indicates freefall may start from tomorow.

-I see heavy selling across globe in next 4-5 sessions.

-Unexpected price level by 31st May-15th June.