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Thursday, May 13, 2010

Trading Strategy - Nifty Future -13th May ‘10


-It was clearly mentioned/written below 5136,NF will slide upto 5092-5078 level in panic.

-Yesterday made low of 5088 & taken sharp reversal.

-Now ,What to expect from this level ?


Today ,Just watch 5178-5185 levels very closely.

If able to cross 5185 with volumes and stays above this level for 5-10 minutes then will see NF kissing 5208-5215 level in minutes only.

Close above 5185 ,Next target 5255-5278 level.

Now ,Suppose not able to cross 5185 then ?Suppose it kisses 5208-5215 & falls then ?