NIFTY Futures Opened with a Gap down of almost 50 points @ 4840, with the US Fed Annoucement. Nifty futures broke down below 4825 and tested an intraday low of 4797But towards the Europe Opening, it found support near the lows taking it pass 4850, making an intraday high of 4885 in the process.Finally closing the day @ 4848.
The Volitility in Nifty Futures is hear to stay for a while. Expect good two way movements in Nifty Futures before and even after Budget.The minor support in Nifty futures stands at 4780 - 4800 zone for now, and any break below this will trigger fresh breakdown towards 4670 zone.
Our view on Nifty Futures has turned to Neutral. Now a close below the 4800 mark will trigger fresh selling towards 4670 mark and a break above 4950 will be positive for nifty Futures. Nifty Futures is once again struck in a narrow of 150 points.Wait for the either levels to Break before taking fresh Positions.
OUR TRADING SYSTEM IS A SOURCE OF SECOND INCOME FOR MOST OF OUR CLIENTS.
EXAMPLE.....
INDEX : NIFTY FUTURES
QTY : 100 SHARES
MARGIN : INR 70000/-
RETURNS : INR 20000/- AVG/MNTH
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Friday, February 19, 2010
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