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Friday, 11 November 2011

Nifty Futures for Friday 11-11-11


11-11-11 that to on a Friday ...yup its 11th of November 2011 and the time to watch out is 11:11am/pm (to be precise 11 sec as well) history in making ...such an opportunity comes only once a millennium ....enjoy the moment.

Back to business; we have the most important IIP data, weekly closing & top of it global weakness It A Ly

Lets just re-vist 1st Nov 2011 (1-11-11) when Greek PM announced referendum and immediately next day J2K gave following views:

Technical view on Nifty Futures for 2/11/2011:
No trade between 5235 and 5268(to avoid whipsaws)
Buy above 5268 with SL of 5256 for targets of 5294-5312-5331-5349
Sell below 5235 with SL of 5260 for targets of 5222-5204-5186-5168

Guess what....the range was test for 10 days and we are back to the same point....it's all magic trading.

We have to adapted to our surrounding and the need of the hour demands a good swing trader and cherry picking style of investments.

Subscribers stay tuned for in-depth analysis.

Regards

The new begining 11-11-11        



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