NIFTY Futures opened today after a Long Weekend almost 45 points higher @ 4980.It was a slow and steady climb for Nifty Futures with very little jerks on the way. The Intraday low was @ 4969, whereas it managed to close above 5000 at 5032.
Nifty Futures have managed to close above the 5000 mark which is a bullish sign.The next immediate resistance now stands at 5050, and above that the next Major level to watch is 5150 zone. On the down side, the minor support for nifty is at 4920, and below that the major support zone comes at 4800 .
Our View on Nifty futures is Bullish.Any Dip in Nifty should be used as a buying opportunity with appropiate stoploss. The Short term Uptrend will only reverse below 4800.The Possible upside targets are 5150, and if strong momentum continues @ 5300 zone.
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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www.aaksharstock.com/equitycurve.html
www.aaksharstock.com/roi.html
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Tuesday, March 2, 2010
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