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Monday, June 14, 2010

Trading Strategy - Nifty Future - 14th June ‘10

On Thursday ,I had written 5049 is Laxman Rekha.

Above Laxman rekha My targets were 5096 , and the same day we achieved our target

-On Friday written above 5096 will kiss 5134-5146 level.

( Just open your eyes and see where nifty landed, it made a high of 5138 & closed at 5117)

Now ,Still u say that i have given levels of 4506 , open your eyes and read the support levels if the support levels are not broken and even then too you go short and even without a stop loss then God will also not able to save u !!

But yes MARK this level now if NIFTY trades & closes below 4911 any day GATES will open for 4506 & ...........???
REPEATING & MARK unless and untill marke is trading above 4911 there is no BEAR TURN

Just trade within the lvels till 4911 not breaks
 Now ,What to expect ?

Major Hurdle at 5147 level.Crossover above this level will take to 5184-5196 level in hrs only.

(These levels ,I had written on Friday too -Everyday u dont have to levels)

Minor support at 5088-5079 level.

7DEMA :5051 is crucial support.

Don’t trade blindly .

Read the written levels twice or thrice.

Remember 3&7DEMA ….are support levels.

-Rally may take NF to 5218——5245 level too.