NIFTY TRADING SYSTEM

MR. FINANCE MINISTER TO THE RESCUE !!!!!!!!!!!!!

NIFTY OPENED Today on a flat note @ 4695. It met with heavy selling right from the Opening. It made an intraday Low of 4600. Thats when Mr. FM came to the rescue. Nifty broke out of 4700 area closing at virtually high point of the day @ 4776.

NIFTY is making a pause for now. It has a resistance at 4850 area. Only a close above 4850 level will add momentum to nifty taking it higher to 5050 Level.On the downside, break of 4580 - 4600 is minor support and the major stands @ 4525.

Our view on Nifty is Neutral. A close above 4850 will be Buliish and take market to 5050 area. And on the downside a break below 4525 will restart downside momentum, taking nifty to 4350 Level.

Our closed trades for today:
Nifty: SOLD @ 4676 ( 05.11.2009 ) - BOUGHT @ 4676 ( 05.11.2009 ) = PROFIT 0/-
BNK NIFTY : SOLD @ 8295 ( 05.11.2009 ) - BOUGHT @ 8510 ( 05.11.2009 ) = LOSS 21500/-
ALLAHBNK: SOLD @ 116.55 ( 05.11.2009 ) - BOUGHT @ 118.55 ( 05.11.2009 ) = LOSS 4900/-
HINDALCO: SOLD @ 116.90 ( 05.11.2009 ) - BOUGHT @ 120.40 ( 05.11.2009 ) = LOSS 12313/-

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 21 months.It can be viewed at the following links:
www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html