Monday, 11 May 2015

nifty future for 12-5-15

NF--1205
I always tell my traders, ‘If you think you’re wrong, or if the market is moving against you and you don’t know why, take in half. You can always put it on again.’ If you do that twice, you have taken in three-quarters of your position. Then what’s left is no longer a big deal. The thing is to start moving your feet. I find that too many traders just stand there and let the truck roll over them. 
Last Close :8342
From Low of 8020 it had zoomed to kiss  8356.85 in just 3 sessions !
(Above 8137 level ,Our Targets were :8208—8231 & then 8302——————————8325 )
Yesterday it kissed High of 8356.85
Now -What to expect
Today if Crosses 8357 with volumes and stays above for 15-20 minutes 
Rally up to 8385-8399 is possible in minutes only.
Next Target :8420 !
If Not Crosses High of 8357 & Stays below  8336 for 15-20 minutes
Slide up to 8285—————-8270 —————————-8252 is possible.
8446-8499
-Yes ,Complete CORRECTION From 8874 to 8020 level.

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