ON 27th MAY 2010 - VOLATAIL or SHORT COVERINGS

ON WEDNESDAY OUR MARKETS FILL THAT GAP WHAT WE EXPECTED ON FRIDAY. THAT IS MARKET. ON LONG SIDE NEARER TO OUR SECOND TARGET MARKETS WERE CAME.

TODAY OUR  MARKETS F&O CLOSING DAY  SO THERE IS A VOLATAIL SESSION WE HAVE. DOW CLOSED ON RED AND ASIAN MARKETS ARE OPEN ON RED SO WE HAVE ALSO IN FIRST SESSION SOME NEGATIVE POINTS. BUT DOW & EUROUP FUTURS ARE IN GREEN, IF EUROPEN MARKETS OPENED ON GREEN THEN OUR MARKETS HAVING A HUGE SHORT COVERINGS TODAY I THINK.




TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 4990

DOWN SIDE : 4775

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

BUY NIFTY FUTURE ONLY ABOVE 4906 LEVELS THE TARGETS ARE 4922, 4942 AND 4950.

SELL NIFTY FUTURE ONLY BELOW 4851 THE TARGETS ARE 4835, 4800 AND 4775.

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 4877

PRACTICAL LESSON - 8 :

WHY WE ARE LOSING OUR MONEY IN INTRADAY? BECAUSE WE TRADEING UPON WHAT WE EXPECT THE MARKETS ARE GO. BUT WINNERS OF THE MARKETS TRADING UPON WHERE THE MARKETS ARE GO. i.e. TRADE WITH TREND.