Nifty Futures Trading Part 2 (Positional)

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pkamalesh

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Hi all..we can see that the technical double bottom had been breached (blue circles) mainly due to the global uncertainities and more call writing happening.I think if nifty can hold good upto 3650 to 3700 levels we can have a 300 to 400 points rally upwards...But if we continue to hear all the bad news which unfortunately keep pouring in, then the next halt for a breather for nifty would be 3300...NO DOUBT IN THAT....Watching the movement tomorrow to take positions...



http://img243.imageshack.us/img243/newpicture1nr2

kammy
 
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learn2trade08

Guest
dow is like a chain smoker and rest of the world passive smokers..The dow smokes and the rest of the world coughs.....:D
oops,i am bullish on nifty for tomorrow with 3560 as stoploss...

Dow is showing the way of tomm.opening.The match has slipped from bulls hand.
 

pkamalesh

Well-Known Member
s&p broke psychological imp level of 1000, now the chart of s & p is as bearish as sat da ( sorry simply unable to find better euphemism ..lol :D)
yes alex..i think the whole trend is negative now...al of us will forget the buls for some time now...i think 3300 is visible now....going to short a lot tomorrow...
 
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