Wednesday, May 18, 2011

Nifty Future Positional Shorts>>>>>>>

FLAG PATTERN FORMATION ON CHART WHERE THE HEIGHT IS OF 162 POINTS
BREAKOUT ON DOWNSIDE HAPPEN BELOW 5480
THOSE TAKEN SHORT BELOW 5480 CAN HOLD FOR TGT 5330-5310 WITH SL ON CLOSING 5515
UPDATE:-
POSITIONAL SHORT TAKEN @ 5800 AND DOUBLE BELOW 5680
WE BOOKED 50% OF SHORT @ TGT 2 - 5480 AND BELOW
NOW FOR REMAINING SHORT REVISE STOPLOSS TO 5515 ON CLOSING BASIS
BOOK REMAINING 30% @ TGT 3 - 5370 AND REMAINING 20% @ TGT 4 - 5245
AFTER MAKING 4 ATTEMPS NIFTY SPOT TODAY FINALLY CLOSED BELOW LAST SUPPORT TRENDLINE AS SHOWN IN CHART
ON WEEKLY CHART NIFTY SPOT TODAY HIT THE SAR LEVEL AND SAR TURNED TO SELL
AND AS POSTED ON SUNDAY THAT ON NIFTY SPOT WEEKLY CHART CLOSED BELOW THE SUPPORT TREND LINE - 1
SO NOW IN COMMING DAYS WILL MAKE AN ATTEMP TO HIT LEVELS NEAR SUPPORT TREND LINE - 2 @ 5210

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