Friday, September 11, 2009

TIPS FOR (NIFTY FUTURE) DAY TRADERS

TRADING STRATEGY (for 11 th SEPTEMBER)

Dear friends,
Grab Nifty Futures around 4770 S/L @ 4740
Friends in long positions around 4800 maintain the same S/L
T1-4880
Day traders book your decent profits then & then ..
Greediness is directly proportional to fear in stock market
Day traders, don’t get any experience in it with your real money

Trading plan in NIFTY FUTURES for FRIDAY

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 ..
BEWARE

NIFTY SPOT PIVOT LEVELS

PIVOT POINT –4838.80

SUPPORTS
S1 – 4788.5 S2 – 4757.60 S3 – 4707
[REMEMBER 4740 ACT AS A GOOD SUPPORT TODAY]

RESISTANCES
R1 – 4869.7 R2 – 4920 R3 – 4950

NIFTY ALREADY READY FOR A RALLY TOWARDS THE PSYCHOLOGICAL MARK OF 5000

EVEN THEN GANN’S WARNING STILL EXIST FOR LONG TERM INVESTORS.
DEAR DAY TRADERS MAINTAIN YOUR STOP LOSSES STRICTLY

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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