Trading Strategy for Nifty Future -11th Jan’10
11 January 2010
Factors that can interfere with this active market engagement:
1) Distractions, from phone calls to conversations around you;2) Fatigue, and normal lapses of concentration after long periods of focus;3) Frustration following bad trades, missed trades, and difficult markets; 4) Worries about losses during slumps;
5) Overconfidence following profits during hot periods; 6) Information overload;7) Getting caught in fixed views of markets; 
Equipment failure;9) Boredom during slow markets;10) Tunnel vision and loss of big picture perspective.
Ultimate Target ,5309-5566 (Complete correction from High of 6336 to 2228 )
Last week already kissed 5303 level.
From Last 4 Days ,Iam writing Go short in Nifty Future with stop of 5317-5327-5367 level.
-Below 5280 ,My lower target were :5212-5189 level.
-On Friday made low of 5236 & closed at 5249
Now ,What to expect from this level of 5249 ?
7DEMA :5235
Break below this level will take to 5121-5098 in panic.
-Suppose breaks 5098 level with volumes then ?
-Hurdles :5270-5274 ,Crossover will take to 5291.(Intraday levels/Reversal Points to our Subscribers only )
Last week written Auto /IT Index looking weak and just see all Stocks in these sectors were in freefall mode.
This week have a cautious approach and exit long position from Bank/Cement Stocks.
Updated at 6:31/11th Jan/Baroda
