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Trading Strategy for Nifty Future -03rd March’10

NF-ICON

There is a meaningful difference between trading to win and trading to not lose. The average person feels more psychological pain over a loss than they feel pleasure over a gain–particularly once they have already “booked” that gain mentally. If I’m expecting a bonus from my employer, I’ll be happy when I receive the paycheck–but I’ll be much more upset if I find out the bonus has been rescinded.

We can never eliminate loss from life or trading; nor can we repeal the basic uncertainties of markets. What we *can* do is develop an edge in the marketplace and, over the course of many trades, let that edge accumulate in our favor.

And, if you’re trading well, maybe that losing trade will offer you a fresh perspective about how the market is trading: an insight that can make you money the next time around. Then it’s not a loss. It’s information that you’ve paid for.

Good Day

Yesterday it was written Inverse Head & Shoulder indicates target of 5045 level.

-It made a high of 5035 & closed at 5023 level.

Never broken 4798-4782 & nonstop rally is continued.Trade with eye open and use commensense.

-Two consecutive close above 5025 level will take to 5144-5184 level.

-From recent low of 4667 this is 3rd wave (Target 5057)

-Inverse Head & Shoulder formation (Target 5045)

chess-strategy

Thirsty Traders ,Just concentrate on levels.

5039-5045-5057 are Hurdles.

-Bollinger Band indicates to have cautious approach.

-Save this :In a day or two will see sharp Intraday fall and it will be panic like position.

-Sell 5000-5100 call.

Buy 4900-4800-4700 puts.

ALERT

Rising Wedge on chart indicates rally may continue upto 5100-5150..No worry @ all.But vertical fall too not ruled out.

3& 7 DEMA will act as support levels.

I will update more to our Subscribers.

Updated at 7:42/3rd March/Baroda

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