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Wednesday, May 12, 2010

Trading Strategy - Nifty Future -12th May ‘10

-Yesterday ,I had written Hurdle at 5229 level.But it nver crossed high of Monday too and crashed.

Now ,What to expect from these levels ?


Below 5136 level if trades with volumes then nonstop slide upto 5092–5078 on card.

-There after 5034-5020.

Suppose ,Today crosses 5148 level with volumes and stays above this level for 5-10 minutes then watch rally upto 5164-5169 level.

-There after 5185-5189 is possible.

A
nything above Monday’s high will create Firework.

-Decisive crossover/Close above 5185 will take to 5255-5278 level.But to get these levels ,101% Bulls will need to take ……..some pills