Sunday, November 8, 2009

ON 9th NOV - MARKETS ARE VOLATAIL

SO FRIDAY MARKETS ARE IN GREEN BUT VOLATAIL.

WHAT ABOUT TODAY?

I THINK VOLATAILNESS IN MARKET IS CONTINUE, BUT MARKETS ARE IN GREEN ONLY. SO GOING LONG IS PROFITABLE TODAY.

WHAT ABOUT NIFTY FUTURES?

NIFTY FUTURES BREACHED 4840 LEVELS IT COULD HAVE RESISTENCE AT 4870 LEVELS IT BREACHED IT CAME UP TO 4930 LEVELS WHERE MARKET MAY BE TURN.

IF IT IS NOT BREACH THE 4840 LEVELS THEN IT CAME DOWN SIDE UP TO 4720-4700 LEVELS WITH THE SMALL SUPPORT AT 4745.

LONG OR SHORT 4840 AND 4780 LEVELS ARE IMPORTANT.

FOR DAY TRADING :

IF MARKETS ARE IN GREEN GO LONG IN ICICI BANK GIVES PROFIT TO YOU.

OPTIONS :

BUYING IN NOVEMBER 4300 PUT AT Rs. 15-20 AND WAITING TILL EXPIRY, IF YOU LOSS ONLY Rs.1000 PER LOT BUT MARKETS BREACHED THE EARLIER SUPPORT AT 4535 LEVELS THEN IT MAY GO UP TO 4100 LEVELS. IT GIVES WINDFALL PROFIT MORE THAN 5 TIMES TO YOU.

TRADE WITH TREND - GET PROFIT - BE HAPPY

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