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Friday, May 7, 2010

Trading Strategy - Nifty Future - 07th May 2010


"Refresh your memory & just see the power of chart and our vision."

"*Between 5300-5500 exit from Investment."

"*Laxman Rekha -5566."

"*Support levels ,I had mentioned were 5215 ,5169 ,5032-4986."

"*Below 4986 ,Target -4849-4803"

"*Remember Triangle breakout of 236 points ?I had written will take NF to 4966 level."

"*On Monday ,I had written next 4-5 sessions will see panic selling across GLOBE !!"

"*Every day ,Writing avoid long position ,On Rallies Sell Sell Sell."



"Now ,What to expect from this level ?"

"-While Updating SGX Nifty is trading at 4988 ,Made a low of 4925."

"-So if u are long in Nifty or in any stock…then just remember :

"-Today ,Triangle target of 4960 will be done."

"-1.618 Ratio indicates target of 4965"

"-Today is 22nd day from high of 5398 (Fibonnaci will show its magic ? )"

"-Falling line Support at 4875-4880 level."

"-So around 4965-4950 ,Cut your square and just keep quite."

"-3DEMA @ 5121 ,7DEMA @ 5171"