Trading Strategy - Nifty Future - 9th June ‘10

Yesterday it was mentioned above 5031 level…it will face Hurdle at 5059-5068 level.

(It kissed 5054 level and crashed )

Island Reversal Target was of  4933-4921 level. (It kissed low of 4937 & closed at 4960 level.)

Now What To Expect ?

Intraday Support levels at 4933—–4921 level.

Watch 4921…..Last Hope for Bull’s. 

Once breaks this level with volumes.Then next target on your trading screen will be  4873-4851

Now ,While Updating Asian Markets are up…so we (Indian)are Born Slaves will follow them only.

But fact is that retails traders had lost money & trust……just see daily volume at BSE is just 2000-2500 crore and in NSE Cash just Rs 8000-9000 crore.In chor bazari some time it crosses 1 lac crore and daily volume is 75000-85000 crore.( that too 70% in NF only )

-We talk so much about our Economy ,Globalization….our Instrument is traded in Singapore for more hrs then our trading time.Why not we start Nifty Future trading for 24 hrs in INDIA ?????…….Jago Mohan Pyare otherwise one day only FII’s and Mutual Funds will trade in Market.

Now ,Lets see…What happens if not breaks Yesterday’s low of 4937 ?

*Trades above 4949 will take to 4986-4998 level.

*3DEMA :5006 ,7DEMA :5017 level.

 -Don’t jump and buy any Sensex stocks.

 

-Bank ,IT Stocks……Ready for Big slide 

Before Crossing 5100 level ,I THINK it will crash below 4800 level !!

Finance Minister giving hint :No long position in Bank Stocks ?

Banks might no longer enjoy windfall treasury gains that the secular decline in interest rates has provided.bad loans at some bankshad risen notably recently, this would have negative consequences in the form of lower net profits for banks and put pressure on the lending rates