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Wednesday, May 4, 2011

NIFTY STRATEGY - MAY 4TH

4 Days Back……………We had written about TRIANGLE BREAKOUT
So Breakout point was at 5822 -245 = 5575-5580.
(No MAGIC ,No MIRACLE ,Unexpected money in just 4 sessions)
Great Money Minted in 5500-5600 puts !!

Do u all remember :5952-6017 our Hurdles (Remember that Tshirt with 6017 mark)
How many times written to sell with these stop ?
Below 5818 our Target was of 5665-5627 level.
(Yesterday kissed low of 5560 )
Now ,Below 5627……….In PANIC will kiss
5512—————-5474 !
(Trendline Supporting 5175 & 5232 is at 5491 level )
GAP of 5504 has to be filled From Mar24th- 25th!
If Open lower……………Great ,keep a stop of 5490 (+ or – 10,15 points )
Buy from lower levels……….Where it will zoom and What are Hurdles ?
Bollinger BAND indicates in Panic Buy.Sharp rally of 100-125 points not ruled out.
Will tell to our Subscribers during trading hrs.

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