It closed above the 5 DMA and 20 DMA levels and RSI around 70 indicating that the market is looking positive, volatile and consolidating before adding further buying interest and march onwards to 5200 levels.
Nifty finally closed at 5116.25
gaining 16 points or 0.29 %
Trading Strategy for 11 Mar, 2010
Intraday Support for the market shall be 5068 & 5024 .
While the market will experience resistance at 5158 & 5197.
Best Strategy shall be to:-
Buy above 5138 with Stop Loss of 5093
Sell below 5093 with Stop Loss of 5138
.
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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