TRADING STRATEGY FOR JAN 5th 2010

Hi Guys,

As anticipated yesterday Nifty Futures reached T1 (5238) and also went 5247 [near my T2 (5250) ]

Now what do we expect today?

Dare Devil Day traders…

Sell Nifty futures @ 5229

T1 – 5215

T2 - 5201

T3 – 5190-75

Stop Loss @ 5245

On the other hand

Buy NFutures @ 5260

T1- 5285

T2- 5302

T3- 5318

Major Support @ 5175

Major Resistance @ 5320

That is all we expect for day trading (Jan 5th) in Nifty Futures...


TODAY’S QUOTE


Ambition -- it is the last infirmity of noble minds.
    -J.M. Barrie in (The Twelve-Pound Look)

We try to tag along (or bear in mind at least) TODAY’S QUOTES in day-to-day life, in our business with our own innovative thoughts.


ALL THE BEST





Disclaimer: Trade at your own risk