Tuesday, September 08, 2009

DAY TRADING STRATEGY

TRADING STRATEGY (for 8th SEPTEMBER)

Dear friends,
Here is your trading plan in NIFTY FUTURES for Tuesday..
Watch Volatile Sessions today
(Friends want to trade in Nifty Futures should always be cautious about the movement in SPOT )
Many fake break-outs may occur in Futures in which many get trapped and loose
their lives almost..

NIFTY SPOT PIVOT LEVELS
PIVOT POINT – 4750.70
SUPPORTS
S1 – 4711.50 S2 – 4640 S3 – 4601


RESISTANCES
R1 – 4822 R2 – 4861.40 R3 – 4933

Not wiser for day traders to go short until NIFTY SPOT breaks 4720 today

TWO CONSECUTIVE CLOSES ABOVE 4760 (Yesterday-happened once)
TAKES NIFTY TO 4925


Above 4823 watch Nifty Futures kissing 4850
Support at 4722 and 4682


WARNING : Market anytime would crash up to 500-750 points or more. Long Term Investors PLS. STAY AWAY & wait for the correction

ALL THE BEST GUYS

SEE YOU AFTER SUCCESS TODAY


DISCLAIMER: Trade at your own risk

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