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Monday, August 8, 2011

NIFTY STRATEGY - AUG 8TH

-On Friday Made low of 5113 & taken U-turn
-At 5550 level written that it had broken a triangle of 258 points…our target intact of 5292 level.
-In 7 days it went below 5292…kissed low of 5113.
Last Hope for Nifty Future at 5062
Just while updating SGX Nifty is down by 90 points.Now at 5125.
-Our Strategy same :Close below 5124 then only another round of panic ….Target 4969-4918 level.
Today ,If breaks low of Friday (5114.70 )then also will take support at 5085-5078 level.
101% Overall Trend is Down Down Down.
3DEMA :5305 ,7DEMA :5397.
Gap @ 5325 ..created on Friday will act major hurdle now.
-Today in PANIC again will Buy around 5100-5074 level.(Your stoploss will be 5038 )
-From lower levels ,Bounce is must it cant stay below Bollinger Band for more then 1-2 days !
-Will Update more during trading hrs to our Subscribers.
-If time permits will update about NF on blog too.


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