NIFTY FUTURES TRADING IDEAS OF 18TH OCTOBER 2010

NIFTY FUTURES OPENED BETWEEN 1ST SUPPORT & 1ST RESISTANCE AND NOT INITIATED SHORT @ 1ST RESISTANCE AS PER THE LEVELS

UPTO 1 HOUR AND LONG INITIATED BUT NOT ACHIEVED ANY SPECIFIC TARGET AND HITTED SL FOR A LOSS OF 38 POINTS AND POWER

SHORT INITIATED IN LATE HOURS , DUE TO LATE HOURS OF POWER SHORT WE CLOSED THE SHORT EARLIER EVEN THOUGH IT HITTED

1ST TARGET AND WENT BELOW THAT FOR A CLOSE OF 6082 FOR A PROFIT OF 40 POINTS, THOSE WHO HOLD THE SHORT UPTO CLOSING

OF THE DAY GOT PROFIT AND CLOSED THEIR TRADE IN NPNL DAY FOR THE DAY, BUT WHO DID NOT HOLD THE SHORT GOT A LOSS OF

38 POINTS IN 1ST LONG TRADE AND WE DID SMALL PROFIT IN 6200 PUT ALSO 

What happened on Friday  {LEFT }and what will happen for Tomorrow {RIGHT} ,click on charts to know more

 

FOR TREND CHANGING TIMINGS WILL UPDATE THROUGH YAHOO MESSENGER  IN LIVE MARKETS
Regards,

rajesh.saladi