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Tuesday, June 8, 2010

Trading Strategy - Nifty Future - 8th June ‘10

Yesterday ,I had written it will take support at 4985-4973 level.JUST see made a low of 4985 &taken U-turn.

-Intraday updated and written will have to cross 5031 level and then another round of explosive move ….it kissed 5032 & closed at 5020 level.

Now ,What to expect from this level ?

Today ,Once crosses 5031 with volumes and stays above this level for 5-10 minutes then will zoom upto 5059-5068 level.

If crosses 5068 level, will try to update more.

Support exist at 4985———-4973

-If breaks 4973 level with volumes then watch real panic.

-Nonstop target :4933-4921 level.

-Yesterday it had formed Island Reversal …In panic below 4973 will kiss 4933 ,4921 & target of Island Reversal will be over.

I think……Don’t panic @ lower levels.
Today from Midsession for next 2-3 days ….we will rally ?
Trade with levels in your mind.