3/10/2011

Nifty  Future        
Long only above 4967 for target 4986 other targets are 5000(T1),5018(T2),5050(T3), keep a stoploss of 10 or 15 points.      
And           
Short only below 4902 for target 4882 other targets are 4868(T1),4849(T2),4817(T3), keep a stoploss of 10 or 15 points.

Upper Point-4989.75,Lower Point-4878.85.

Upper point is the strong resistance and Lower point is the strong support for nifty future.If one is LONG or SHORT,they should book profit before the upper or lower points and reenter again above the upper or lower point.If nifty future breaks the upper point it will zoom towards other targets ,if nifty future breaks lower point it will fall towards lower targets.

NOTE:If nifty future long above and upper point is in difference of 6 or 10 points,then buy only above the upper point and not before that,simultaneously,if nifty short below and lower point is in difference of 6 or 10 points,then sell only below lower point and not before that.


One more strategy to use upper point and lower points is,if nifty hits upper point exactly and if comes down 10 points from the upper point we can go short keeping stop loss of the upper point,viceversa,if nifty future hits lower point exactly and if moves up 10 points from the lower point we can go long keeping stop loss of the lower point.