ON 25th MAY 2010 - GO SHORT

ON MONDAY OUR MARKETS GAP UP OPENING AND THEN LATER IT FILLED THE GAP SO YESTERDAY CAME TO LOW AFTER ATTAINING THE HIGH. IT IS A BEARISH SIGHNAL.

TODAY WORLD MARKETS ARE DOWN SO GO SHORT IN OUR MARKET IF IT IS  OPENED WITH LITTLE GAP DOWN. THERE IS NO POSSIBLITY OF BIG GAP DOWN I THINK.



BUT TODAY NO BOUNCE BACK I THINK. THERE IS ONE POSSIBLITY ONLY LONG GAP DOWN. 

SO GO SHORT AT EARLIER STAGE AND WAIT FOR BIG PROFITS - ENJOY TODAY. 

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 4995

DOWN SIDE : 4815

IN BETWEEN THESE WHAT IS OUR BUY/SELL LEVEL WE SAW THAT FIRST :

BUY NIFTY FUTURE ONLY ABOVE 4945 LEVELS THE TARGETS ARE 4965, 4996 AND 5022.

SELL NIFTY FUTURE ONLY BELOW 4873 THE TARGETS ARE 4852, 4827 AND 4816.

THESE TWO ENTRY LEVELS ARE STRONG SUPPORT AND RESISTENCE LEVELS SO IT IS BREACHED THEN THE MARKETS JUMPED ON THAT SIDE. IF CHOPPY MARKET HELD MARKETS GO TO THIS BUY LEVEL TO SELL LEVEL OR VICE VERSA.

STOPLOSS FOR BOTH THIS LEVELS ARE 4915

PRACTICAL LESSON - 7 :

PUT TRAILING STOPLOSS TO YOUR PROFIT TO PRODUCT YOUR CAPTIAL. IF IT IS TRIGGERED. GET THE MINIMUM PROFIT ( ONLY BROKERAGE - IT IS ALSO O.K. )- WHAT IS GIVEN BY GOD YOU FOR THAT DAY. DON'T MAKE NEWPOSITIONS AND GO TO HOME.