Wednesday, September 09, 2009

DO TRADE CAREFULL TODAY (9TH SEP)

TRADING STRATEGY (for 9TH SEPTEMBER)

Dear friends,
Yesterday in pre-market hours written ¬-- N.Futures would touch 4850 after 4823
Almost traveled (kissed 4845) and a cool off (consolidation) started then ..

Trading plan in NIFTY FUTURES for Wednesday

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

NIFTY SPOT PIVOT LEVELS

PIVOT POINT – 4810

SUPPORTS

S1 – 4778 S2 – 4750.5 S3 – 4718

RESISTANCES

R1 – 4837.5 R2 – 4869.6 R3 – 4897
4751 act as a good support today

TWO CONSECUTIVE CLOSES ABOVE 4760 HAPPENED
NOW NIFTY READY FOR A RALLY TOWARDS 5000
BUT EVEN DAY TRADERS BOOK YOUR PROFIT THEN & THEN ..
GANN’S WARNING IS STILL THERE FOR LONG TERM INVESTORS

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

DISCLAIMER: Trade at your own risk

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