Monday, August 25, 2008

Nifty Fut Weekly August 25-29 - Santosh Gundecha

Nifty future may open gap up around 4390-4400 on Monday because of strong US markets. We are entering Expiry week, so Some Volatility is expected.

The Nifty has a resistance 4400>>4465>>4515. The supports are at 4330>>4310 and finally 4250.

This being Expiry week and we are opening Gap up that too directly near resistance of 4400 . One should be cautious at higher levels.

Buy on DIPS only could be the strategy.

Posted by Santosh Gundecha at 9:34 AM

Labels: , ,

1 Comment:

The Trader said...

Dear Mr Santosh Gundecha

As I have told u earlier I am a big fan of yours and read all your writing. I saw today ur article on Nifty Futures after a looong break.

It was amazing. both ur Resistance and support were hitting bulls eye.

All the things wrtten were so useful to me in trading, that I do not have any words to express

Ur support of 4330 and resistance 4400 were very useful for me to trade in nifty, and your caution to not to go long at higher levels made be good profit in Nifty futures short.

I could short at 4390 as ur rest was 4400 and covered near 4330-35 .

It was a dream trade for me ..and hard for anyone to believe.

Ao pl continue with ur master pieces frequently if not daily.

Thanks again

Trader,

August 25, 2008 at 4:42 PM  

Post a Comment

Subscribe to: Post Comments (Atom)

KM

RECENT COMMENTS

Blog Archive