Friday, October 16, 2009

NIFTY TRADING SYSTEM

DEAR TRADERS ,
WISH YOU ALL HAPPY DIWALI & PROSPEROUS NEW YEAR.

Nifty futures opened today near yesterdays close @ 5100. It made a slow and steady climb towards 5150 and managed to held all the gains closing @ 5148.It made a new high for the day @ 5150 closing up 35 points.

Chartically,making new high is positive,But Nifty futures is lacking momentum on the upside. The upside target for now is 5200 and above that @ 5375. On the downside , there is minor support at 5050 Area, a break below this level will give way to 4900.

Our view on Nifty is Bullish. We are expecting regain of momentum after Diwali hoildays, and attack 5375 Area. But on the downside, the close below 4900 should be watched. This break will trigger heavy Offload taking nifty to 4650.

For a reliable, trustworthy ,and accurate trading calls visit www.aaksharstock.com and register for a free trial.Our trading system is positional based system trading approx 7 - 8 times per month only, giving consistent profit per month.

We have maintained trade by trade performances along with Equity Curve and ROI(Return on Investment) for last 20 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html

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