Thursday, May 9, 2013

NIFTY FUTURE TRADING STRATEGY FOR 10/05/12



LAST CLOSE @ 6050

TODAY MAIN HURDLES 6067--------6075----------6090--------6096

BELOW 6057.......BEARS MIGHT RULE......WILL TAKE TO

6035----------6020----------6005

THEREAFTER  5990 WILL ACT AS SUPPORT FOR BULLS

FOR FURTHER RALLY .........BULLS NEED TO CLOSE ABOVE 6090.........ELSE

BEARS WILL RETEST 6005--------5975 NOT RULED IN COMING DAYS

ALSO NOTED ........TODAY BEARISH ENGULFING PATTERN FORMED IN DAILY NIFTY CHART......ONE OF THE POWERFUL BEARISH  REVERSAL PATTERN

LONGS SHOULD BE CAUTIOUS

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