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Friday, June 4, 2010

Trading Strategy - Nifty Future - 4th June ‘10

Yesterday ,It was mentioned :Once crosses 5047 level it will zoom to kiss 5072-5082.

-It was Gap up opening :Open was at 5061 & after crossing 5082 kissed 5109 level.

N
ow ,What to expect ?

Already ,I had written above 5029….Gates for 5110-5137 will open.

Yesterday made high of 5109 level.

Above is the Daily Chart of NIFTY Future.

5110 -5137 are Hurdles

Yes ,5137 is Laxman Rekha.

-Two Close above this level will take to 5218–5245 level.

(Trade with levels mentioned ,Everybody wants to eat quick profit …but will never read between the lines )

Suppose ,Today not crosses High of 5109 then ?
IfAnd trades below 5098 level with volumes then expect slide upto 5063-5052 level.

3
DEMA :5045 ,7DEMA :5015.

Suppose crosses 5109 & kisses our target of 5137 & falls then ??

Suppose crosses 5137 level too then ?