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Monday, May 17, 2010

Trading Strategy - Nifty Future -17th May ‘10

On Friday as expected NF below 5121 crashed and we saw a bloodbath ( it kissed low of 5058)

 Now ,What to expect from this level ?

-Below 5083 it will crash upto 5038-5023 level.

So just watch 5023 level.

After breaking 5023 level with volumes and stays below this level for 5/10 minutes then expect slide upto 4976-4961.

3DEMA :5122 ,7DEMA :5137
  
 Trillion $ questions ???

Will it break 5023 level ?Suppose not breaks and takes U-turn then ?

 If breaks 5023 level and kiss 4976/4961 level and takes U-turn then ?

I don’t change levels everyday.If it closes below 4986 level for 3 Consecutive days then watch nonstop panic upto 4849-4803 level.