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Friday, June 11, 2010

Trading Strategy - Nifty Future - 11th June ‘10

Yesterday as expected ….same happened !

Above 5049 it zoomed like Rocket and in just 90 minutes of trade kissed 5094 (My Intraday target was at 5096)

Now ,Yesterday closed at 5086 level.What to expect from this level ?

T
oday ,Will zoom to kiss 5134-5146 level.

I
f able to trade above 5146 with volumes and stays above this level for 5-10 minutes then ???

-Rally will continue and 5183-5195

Fresh Short Selling can be done around 5180-5200 level in Truckload.

Like ,I had written 34th Day was Turning point and NF made low of 4786.Now 9th Trading session from Today is another turning date.

Suppose ,Today not able to cross 5146 level then ?Suppose kisses 5146 and falls then ?