NIFTY FUTURES Opened today on a lackluster note @ 5135. It spent most of the session consolidating in a narrow range of 20 points. But towards the last hour, Nifty finally woke up to Run pass 5150, also moving above 5200 level.And in the process made an Intraday high of 5218.50 and closed the day @ 5208.
Closing above the 5200 mark is very positive for Nifty Futures, thus opening room for new highs above 5300 zone.The only near term resistance now stands between 5225 - 5235 area, and a close above this will take Nifty Futures all the way upto 5350 - 5400 levels.On the down side, 5150 area seems to act as a minor support for now.
Our View on Nifty Futures is Positive. Any Dip in Nifty Futures should be used to enter , with a medium term target of 5350 - 5400 zone. Only a close below 5080 will now end this Upmove.
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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Tuesday, March 16, 2010
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