RSS

Tuesday, May 11, 2010

Trading Strategy - Nifty Future -11th May ‘10

Yesterday it was written it will zoom to kiss 5092.

7DEMA was at 5133.Once crossed that level with volumes it skyrocketed and my written target for day was 5162-5185.

-It made high of 5208 & closed at 5200.

-Trade with eyes open.

Now ,What to expect ?

Above 5185 if trades then no worry for Bulls.It will zoom to kiss 5255-5278 level in Intraday trade.

-Gap at 5252 ,5298 to be filled.


Thirsty Traders ,Just 5229 level….Minor Hurdle.

If able to cross with volumes then will see above mentioned levels.

Always remember against the trend ,Mkt will maximum move for 3 days.Today is 2nd day.

From Tomorow again trend reversal on card.I think from Tomorow till Friday will see one side move.