Kiran's Blog on Global Financial Markets

This blog is to post my views on Financial Markets and to post interesting promo schemes that come to my knowledge. Use your discretion while taking trading decisions, as it is your money at stake.

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Wednesday, 9 March 2011

NIFTY - 9th March

15:15 IST: For Learning: Engulfing candle at the resistance prompted us to say "Now the Nifty Futures is at it's daily Resistance 1 at 5565. Aggressive traders can short here" Observe this in the following chart. Also observe Support Area to books aggressive profits.



15:00 IST: As discussed below, since bias was up NIFTY moved up in past 30 minutes. We did not take any trade as our priority was "Capital Protection" in choppy market. Now the Nifty Futures is at it's daily Resistance 1 at 5565. Aggressive traders can short here.

14:30 IST: NIFTY has turned choppy along with all other world markets today. Though bias seems to be still +ve for the day, it is in 'No Trade' zone as of now.


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