Trading Strategy for 14th December’10

Trading Strategy for 14th December’10

14 December 2010

Curiosity may have killed the cat but impatience has been the slow death of many a trader. The market has a way of rewarding those rare individuals who respect the market’s fickle temperament. The market does what it wants to do when and how it wants to do it regardless of our need to be right, right now, about our trade. We can either accept this fact and trade accordingly or we can challenge the market’s authority and risk not only our pride but our money to boot. Pride may be good for the ego but will get us nowhere when our brokerage account is depleted.  Patience eliminates acts of desperation when we do things we would not ordinarily do, such as jump into trades when there are none, add to losers, and double up to make up for a recent loser.

Save these lines :

-Three Consecutive close below 5860 +Weekly is must will take to NF to 5567-5469 level.

–Just wait and watch :Trendlines are indicating fall upto 5300-5000 levels.

As expected and we were writing Friday will be the reversal day of this fall —-It happened !!

We expected will halt between 5727-5704 & with stop of 5704 written on Friday to Buy any thing.

-Our Hurdle were at 5872–5919 (Mentioned in morning itself and it kissed 5888 level )

-During TRADING hrs on Friday ,Told to our Subscribers…….Buy NF above 5769 tgt 5834-5855–5920 level !!

(Except Blind ,Fools and Jokers …Everybody might have read …Yesterday we had written above 5855 ..No worry for Bulls.Our Target was of 5920-5941.

Support was at 5844 ,5800 level.

(Now ,What happened u all know ?? )

It kissed 5796 in Panic and by end session it kissed and made high of 5939.

High of 5985 is Manipulative !Who had done it ?What was the reason ?God Knows !

Levels ,Not to be changed everyday !!

5941 is LAXMAN REKHA.

Decisive crossover above this level will create more Buying !!

Target intact 6006—-6027 level

SUPPORT exist at 5927

Suppose not crosses -Yesterday’s High of 5939 & trades belwo 5927 then ????

Intraday slide upto 5891-5879 not ruled out.

5921

We want it should trade above 5941 for 5-10 minutes with volumes.

(From 5769 our Subscribers are long in NF ……..Call given on Friday midsession ,Just think from 5769—5939 see the difference )

-Will Update more to our Subscribers during trading hrs.