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Tuesday, June 1, 2010

Trading Strategy - Nifty Future - 1st June ‘10

 In Last 5 sessions from low of 4786 it had flared upto 5071 level.

-Above 5029 ,Iam writing from last 2 days will maximum zoom upto 5110-5137 level.

Sloping line ….Today will give resistance at 5095 area.

3DEMA :5026

7DEMA :4995 level.

Suppose ,Not crosses high of 5071 & trades below or remains below 5053 level then expect slide upto 5026-5000———4982 level.

Around 5090-5095 -Watch Selling pressure.

Keep stoploss of 5137,Go short if trades around 5110…..Your risk will be of 25-30 points.

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