TRADING STRATEGY (for 7th SEPTEMBER)
Dear friends,
Here is your trading plan in NIFTY FUTURES for Monday
Before that pals 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..
Here you get NIFTY SPOT PIVOT LEVELS first
PIVOT POINT – 4652.60 (which would be a good support in a GAP-UP OPEN)
SUPPORTS
S1 – 4608 S2 – 4536 S3 – 4491
RESISTANCES
R1 – 4725 R2 - 4769.5 R3 – 4840
Also have an eye on 4632
If Nifty spot breaks this support after 10:30 watch a sharp downward rally
ALWAYS REMEMBER :TWO CONCECUTIVE CLOSES ABOVE 4760
TAKES NIFTY TO 4925
Decisive cross-over above 4725 with volumes will take to 4760 level in hrs only.
Above 4770 watch Nifty Futures kissing 4802.
Support at 4652-4632
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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