It closed well above the 5 DMA and 20 DMA levels and RSI around 90 indicating that the market is looking positive, volatile and consolidating before adding further buying interest and march towards 5200 levels.
Nifty finally closed at 5101.50
loosing 22 points or 0.44 %
Trading Strategy for 10 Mar, 2010
Intraday Support for the market shall be 5051 & 5008 .
While the market will experience resistance at 5148 & 5186.
Best Strategy shall be to:-
Buy above 5124 with Stop Loss of 5078
Sell below 5078 with Stop Loss of 5124
.
Recommended Reading:-
Publisher: Sagar Publications, New Delhi.
Author: Indrodeep Banerjee, Astrologer & Stock Market Consultant
Ph: 09415681544, 09455248927 email: admin@TradingFunda.com
ISBN No: 81-7082-099-5 Pages 220
Price: Rs.175/-
Available at all Leading Book Stores Across India
Available Online at :-
.
.
By Courier: Rs.175/- + 75/- = Rs.250/-
To get your copy couriered immediately send D.D. of Rs.250/-
in favour of INDRODEEP BANERJEE payable at Lucknow
(Payment will be accepted only through D.D.) send to :–
Address: B-2045, Indira Nagar, Lucknow- 226016, U.P.
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