ON 28th MAY 2010 - PROFIT BOOKING AT HIGH LEVELS

ON THURSDAY OUR MARKETS VERY MUCH UP DUE TO SHORT COVERINGS WHAT WE ALREADY TOLD.
 

SO TODAY WE HAVE VOLATAIL SESSION  BECASUE DOW FUTURES IS IN RED WE EXPECTED. IN FIRST SESSION MARKETS GO UP AND AFTER EUROP OPEN IN RED SOME PROFIT BOOKING IS THERE IN SECOND SESSION i.e. IN HIGH LEVELS.

TODAY AT 5090 LEVELS SOME SELLING IS THERE

TODAY NIFTY FUTURE'S TWO EXTEREME LEVELS ARE :

UPPER SIDE : 5090-5110

DOWN SIDE : 4900

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

BUY NIFTY FUTURE ONLY ABOVE 5008 LEVELS THE TARGETS ARE 5025, 5047 AND 5076.

SELL NIFTY FUTURE ONLY BELOW 4947 THE TARGETS ARE 4930 AND 4903.

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 4975

PRACTICAL LESSON - 9 :

ON RESULT DAY DON'T TRADE THE SCRIPT.