Trading Strategy for NIFTY FUTURE-9th September’09
09 September 2009
Self-trust is the first secret of success ,So this is one reason I trust my knowledge of Technical Analysis and never visit any other website and never watch Blue channels.
Yesterday written that Nifty Future wil face hurdle at 4846-4857 level.Go short around these levels and you can see it kissed 4845 & crashed intraday upto 4785 to close at 4808 level.Yesterday updated twice during trading hrs and I want that Traders should get complete guidance during trading hrs.
Now ,What to expect from this level of 4808 ?Already Nifty Future had closed above 4754 for 2 consecutive days if today too closes above this level then will see nonstop rally upto 4902-4952 level.
After this week ,8th week will be 55th week from low of 2228 & October will be 13th Month from low of 2228.-Major Reversal not ruled out in Market.
Left hand chart :Monthly chart of Nifty Future
Today ,What to expect ?
If not crosses Yesterday’s high of 4845 & trades below 4828 then expect slide upto 4777-4760.
Decisive break below 4760 with volumes (should stay below for 5/10 minutes ) will take to 4709-4692 level.
Hurdles :4846-4857 level.
More Details to our Subscribers.
Updated at 7:40/9th Sept/Baroda
Tags: 9th september, Baroda, consecutive days, guidance, hurdle, hurdles, left hand, rally, secret of success, self trust, subscribers, trades, trading strategy
September 9th, 2009 at 8:23 am
dear Sir,
I always track u from many years the statment of above says that any time any movement there will be trend reversal but before 15Sept or After 1 OCT in your 1Sept Analysis said that which high magnitude there will have fall if it does not fall in this month but the down point as said which is the level of downside the nifty can reach near to the 3500-3700-3900 which is the fall downside in nifty.
in january 2008 fall u have said it will fall to 2200-2400-2650 level and with greater magnitude so from 6300 – 4500 in almost 5days its was fall.
so sir please say us when we will exit all long delievry hold by us in coming days
SIR its the Request but then also give us Hint to exit Long Position
September 9th, 2009 at 10:48 am
what is the meaning of open interest?can u broadly classify it.
September 9th, 2009 at 4:37 pm
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