Wednesday, October 21, 2009
Nifty closes below 5 day lows..
Weekly support comes @ 4985.
Nifty breaks the 5 day lows and closes below that too..Daily Channel support @ 5030.. A faster retracement to 4935 will change the trend to "Down".
Daily closes below all emas..Short term reversal. A Friday close below 5096 will weaken the weekly momentum. Any positive cues may result in an attempt to 5095-5110+..
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...

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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
3 comments:
Strong support = 20 ema@ 5020 now, daily close below 20 ema will be critical.
Hello Ilango
I had covered my shorts arnd 5090 and re-entered around 5065 at closing.
Whats should be the strategy and comments?
Any update on Bharti. I am stuck in that one :-(
Thanks for timely help :-)
Hi Illango,
When you have time Please send me the excel files nifty tenchnique to my mail id gangaiganesh@gmail.com
Thanks.
Regards,
Ganesh
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