Trading Strategy for Nifty Future-24th August’10
24 August 2010![]()
We all make decisions that could have turned out better. Many times such decisions aren’t “mistakes” in the true sense of the word. It’s a mistake to make a large investment in a business when you know nothing about that business. It’s a mistake to turn a small loss into a large loss by being stubborn.
But it’s not a mistake to make a trade and then see the stock market behave in a manner that wasn’t anticipated. Believing that you can consistently predict where the market is moving, and when it will get there — that’s a mistake.
Please don’t assume that every time you lose money it’s because you made a mistake. But don’t always blame it on bad luck. Analyze your trade decision and decide whether it was appropriate. When you make a mistake, that’s a learning experience. However, it’s important to recognize the difference between a true mistake and a situation in which a trade didn’t work.
Major Hurdle at 5566
Three Consecutive close above this level+Weekly close (Must ) then expect allround unexpected buying and next target with No if and but :Kissing all time high !!
My Target 6336-6593
If able to fullfill my Condition then in next 2 months ….will see UNEXPECTED level.
Short Term Target was of 5551-5589….Above 5436 level.
(Now if u are holding long since it closed above 5436 level then u might have minted great money and if not then…………..No worry for me )
(Bank NF…From 9800 to 10900 …already achieved ).My Laxman Rekha is at 11250

Hurdles ,Iam writing from last 3 days are 5551-5559…if crosses 5559 then expect final jump upto 5582-5590 level.
Support :5522-5494
Eating Profit @ Higher level is one thing ,Going Fresh short is another.
Till we get REVERSAL signal….No short selling.
Around 5570-5580 level….Sure will go short.
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FII’S one side Buyer in Indian Market
Indian Mutual Fund……..Not selling
Then Who is selling the stocks ???
Retail participant is ZERO ….A Million $ Question …..to whom these FII’s will sell ?Volume is Stagnant…..One Day Cement is Up ,Next Day FMCG and third day Heavy Weight stocks.
Banks ,Refinery………………Extreme level of Manipuation ,price rigging going on.
But ,We have to trade with levels only.If u dont have Target and Method to trade …then u will always remain in the category of 90% (Losers only )
I Will Update more Stocks ,Intraday levels to our Subscribers during trading hrs
Updated at 8:26/24th August/Baroda/India













Yesterday’s close 1290.Low of day was 1278.

