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At.1.40PM: Long @ 5005 (Trade reversed)
Monday, October 12, 2009
Nifty Intraday update
At 2.10PM: European market is making new highs..Nifty's sideways correction within a band of 4920 - 5099 may have ended today @ 4969 and it is on its last move up(5th wave). Hold longs for targets of 5120 - 5175 with a SL 5005 .
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At.1.40PM: Long @ 5005 (Trade reversed)
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At.1.40PM: Long @ 5005 (Trade reversed)
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... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
3 comments:
Thanks sir.
dear ilango,
one thing which i want to learn from u is how to make entry at such high points bcoz i never able to do that , should i feed the orders in advance or wat to do bcoz i was also planning to sell at higher levels but manage to sell at 4989
Hi..Dr.Saurabh,
As per our plan 4985 - 5015 and after seeing the morning high of 4995NS, one more high was expected.So NF 4995 NF..Besides 5 day avg @ 4987 and 10 day @ 5003 are strong resistances for the day. Asia too was weak.. And you get a bit lucky at times..
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