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Thursday, March 3, 2011

NIFTY STRATEGY - MAR 3RD

NIFTY


-On Tuesday ,We had written Hurdle at 5357-5369.Crossover will take to 5404-5416.
-Above these levels…Our Target were 5451-5463–5499-5521 level.
(We sold Long everything either it was NF ,Bank NF ,Auto or Bank Stocks at 5500 level )
-Around 5463…gone Short fresh taking risk of Rs.25./……….Our stop were triggered !!
No worry @ all.

Now ,What to expect from this level ???
Yes ,Just watch once it crosses 5555 with volumes will take to 5589–5611 level in hrs only.
Suppose……Not crosses 5555 & trades below 5535 then ???

Watch Intraday slide 
NF can slide upto 5474—5454 levels.
3DEMA :5441 ,7DEMA :5417 level.

Weekly chart indicates ,3 Consecutive close above 5499+Weekly close will take to
5693—–5758 level in this rally.




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