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Wednesday, May 5, 2010

Trading Strategy - Nifty Future - 05th May 2010

Dear Readers & Traders ,From 5300 level -Iam writing and saying just exit from Equity mkt.

-5566 is Laxman Rekha for NF.

-From last 10 days ,Writing here that by 31st May -June 15th will see unexpected price levels.

-Bearish in Steel ,Metals Stocks.

-Trade with levels only.Two support levels ,Iam writing 5215-5169.Three Close below 5169 will take to 5032-4986 level.

-Monday ,Indicated from Tue till Friday…Whole world will melt.

-Yesterday mentioned about Triangle too !!

 
 Now ,What to expect ?
  *236 Points ,Triangle was broken in yesterday’s trade.

*Tgt 4980-4960 in panic.

Below 5169……..No Long position.

Box chart indicates will kiss 5032-4986 level in panic.

(It’s not a rocket science ,u need third eye to look at chart)

Now ,Today everyone will write and say NF will slide ,fall ,tumble ,crash to 5000-4800..Bla Bla Bla.(It makes no sense at all )

Today ,Just watch 5032-4986 level.
-Around 5030-5020-5010 -Cut your shorts.Buy small qty fresh long with strict stop of 4986.Read twice 4986.

-Once breaks 4986 on closing basis then ?

-Forget Hurdles :Laxman Rekha at 3& 7DEMA