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(Updated on 14-06-2012 Time 09.00 AM)
Yesterday it tried to move higher
and made high at 5144.
As we had written here it face hurdle at higher levels.
Now today…
If trades above 5133 with volumes market will see 5146-5159-5183
Trading below 5109-5102 may drag it more down to
5090-5083.
Bulls will dominate above 5090-5070 area.
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Nifty Futures
(Updated on 13-06-2012 Time 09.05 AM)
Yesterday as expected and indicated market bounced off forming low at 5015.
It has entered in strong resistance area of 5129-5155.
Also likely to move up to 5199.
Above 5129-5159 hurdle and trading with volume above this level may see more upside upto 5199.
But we should be remain with comfortable position.
Below 5102 with volume and if sustains may drive it to 5090-5072-5059.
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(Updated on 12-06-2012 Time 09.00 AM)
For last 3 session we kept indicating that closing above
5020 would drive the NF to 5129 levels.
Yesterday it moved high at 5124 and we went short at 5072.
Now for Today…
We expect trading below 5020-5015 may turn
down upto 5000-4986.
5063 is intraday barrier and crossover with volumes
which seems difficult may take it to 5086-5095.
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NEVER TAKE A BIG LOSS.
ONLY A BIG LOSS CAN HURT YOU.
Big losses prevent you from having a winning day. They wipe out too many small winners that you have worked so hard to achieve. Big losses also kill you from a psychological and emotional standpoint. It takes a long time to get your confidence back after taking a big loss on a trade.
(Updated on 11-06-2012 Time 08.50 AM)
In our post dated 07.06.12 for Nifty Future
we had clearly indicted that closing
above 5020 will drive NF to 5129-5155.
Now For Today…
We expect above 5089 bulls will hold power to
thrust the market 5129-5155 area where very
strong resistance may be seen.
5045-5057 are intraday support.
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(Updated on 08-06-2012 Time 09.00 AM)
Yesterday we had mentioned trading above 4998-5011
would elevate NF to higher levels.
Yesterday it went up to 5037.
Now for Today…
Above 5038-5045 bulls will dominate.
If trades below 5020 with volume it may slide upto
5006-4993.
Trades above 5045 would drive it to 5067-5084.
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IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.
This rule relates to the theory of capital flow. It is trading capital that pushes a market one way or another. An oversupply or imbalance of buy orders will push the market up. An oversupply of sell orders will push the market lower. When price stagnation is present (as typically happens many times throughout the trading session), the market and its participants are telling us that, at the present time, they are happy or satisfied with the prevailing bid and offer. You don’t want to be in the market at these times. The market is not going anywhere. It is a waste of time, capital and emotional energy. It’s much better to wait for the market to heat up a little and then place your trade.
(Updated on 07-06-2012 Time 09.00 AM)
Yesterday we indicated above 4902 would favor bulls.
Crossover 4935-4958 area set the market on fire.
Now for Today…
Bulls are delighted above 4998-5011.
Crossover with volume market will see 5072-5088.
4952-4968 are intraday support.
Consecutive two closing above 5020 will take it to 5129-5155.
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