Here we go…
Day Trading Strategy of Nifty Futures
for Thursday (MAR 4 2010)
Grab Nifty futures @ 5102 with the stoploss of 5080
For the target around 5145
Or else…?
Wait for Nifty Futures to break 5016
and short it
Downside Target 4975
(Stop Loss for this short call is 5040)
OPTION PLAYERS...
Buy 5200 CALL (whatever the price is)as soon as Nifty Futures breaks
5105 and hold it for a week.
Stoplosses will be updated later.
Target for 5200 CALL
Exit from 5200 Call (whatever the price is) when NFutures touches 5195 (that will happen within a week)
Remember @ 5195,
time gets squared with the price as per GANN’s theory, Market would dive upside down after 15th so that I may even recommend 5200 or 5100 PUT @ this time depending upon the price levels.
Subscribe soon and have more fun.
Trailing stop losses, other important levels of intraday, U-turn warnings in market hours, barely to the subscribers.
FREE TIPS OF THE DAY
Buy United Spirits @ 1459
Target - 1471
Sell TULIPIT @ 917
Target - 909
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EXACT Entry, Exit levels, having updated about trend Reversals
& earlier U turn warnings of Nfutures,
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(Pls refer 2010 FEB 7 POST titled as ‘POLICIES OF tradersharmony.blogspot.com’)
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-Admin,Editor,
Technical Analyst & Director of the site
Mahindeesh (a) Sathish
Cuddalore-2
Tamil Nadu
India
------------------------------------------------------
KNOW YOUR BUSINESS JARGONS.
TODAY’S LESSON
(Continued…)26) ADJUSTABLE PEG: An exchange rate, which varies from time to time when it is pegged or tied to another or other currencies.
India’s currency is an adjustable peg.
27) ADJUSTED BASIS: The base price for the calculation of capital gains on shares
28) ADMISSION TO DEALING: When a particular share of a company is allowed to be entered in the official list of a stock exchange, it is admitted to dealing.
29) ADR: American Depositary Receipt is a negotiable certificate issued by an American Bank stating that a number of shares in a foreign company have been deposited with them. The receipt can be traded in U.S.Markets
30) AD VALOREM: It is a LATIN word, which means ‘according to value’. It is used as basis of taxation or duty leviable.
(To be contd…)
TODAY’S QUOTE
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TODAY’S QUOTES in day-to-day life, in our business united with our own innovative thoughts.
RELAX CORNER
JUST SMS TO YOUR PAL
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always start to study late for “Exams”.
Because it teaches how to manage “Time”
and tackle “Emergencies”!!
2) It takes 15 trees to
produce the amount
of paper that we
use to write one exam.
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