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Tuesday, May 4, 2010

Trading Strategy - Nifty Future - 04th May 2010

 Yesterday support levels were 5238-5215….below this level 5198-5192.

Made low of 5202 & closed at 5218 level.

-Trendline connecting 5162 & 5198 given support.

Today ,What to expect ?

3& 7 DEMA will act as Hurdles.

i.e 5239-5255.

Now ,While updating SGX Nifty is at 5240 level.

-Just watch 5255 level.If crosses with volumes then only will show power.

Next Target above 5255 will be of 5268-5272.

REMEMBER :5198-5192 are support.Break will take to 5162 ,5151 & there after …..God will also not  save Bull’s.

Just see 246 points triangle on chart.(U need 3rd eye to see patterns )If everything goes right then very soon will see NF crashing upto 4970-4960 level.