RSS

Wednesday, June 2, 2010

Trading Strategy - Nifty Future - 2nd June ‘10

So as expected ,Yesterday it never crossed 5071 level and then rest is History.

-Trade with eyes open.

-During Trading hrs.Don’t watch Blue Channels ,Avoid Telephone calls.

-Fix Intraday Target,Weekly or Monthly Target …then only u will mint money.

-Don’t fight with trend.
 
Yesterday closed 4944

Now ,Watch 4929—–4911 as support levels.

-If breaks these levels then only another round of panic will start.

-Suppose not breaks Yesterday’s low of 4933 & trades above 4941 level then expect rally upto 4967-4975 level.

-Crossover above 4975 will take to 5001-5009 level.


Once breaks 4911 level with volumes and stays below this level for 5-10 minutes then expect slide upto 4858—-4840 level.

SGX Nifty ,Now while updating is up 19 points.

-Reason :Asian Market up….HA HA HA !!(Born slaves and then we talk about economy and Fundamentals )

-It will be a Dead Market ,No charm @ all.Low volume day and it looks in last one hr..we will see real action.