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Friday, August 5, 2011

Performance of August 5th NIFTY AUG FUT


Since Nifty Opened Huge GAP down I have observed Market for few hours and Updated Next Support levels for nifty around 11:30 as 
5240-5222-5204-5186-5168-5150-5132-5114-5096-5079

According to me no clear-cut call was mentioned at 11:30. (But refer *)

Around 11:35 NIFTY Breached 5200 and Achieved Level of 5114.70 (See the accuracy of Support level-5114)

From then it started its upward journey and Achieved Level of 5221. (See the accuracy of Support level-5222)

By Gods Grace total (Down journey 5204-5132) +(up journey 5132-5204)=142 point Profit.

Please note that for the sake of showing huge profits, I have not considered Sell point as 5222 and TGT point as 5114 (During down journey and vice-versa during up journey) as no one can predict which is high which is low in advance.

*Who have attended investment class conducted by me on 3rd August 2011 will have an upper edge to use the levels given in much more better way to make more profit using Resistance as Support, Support as resistance concepts. 

i.e If you are MININIFTY trader Profit of Rs.2840 Or 25.8% within a day on investment of 11000. 
If you are NIFTY trader Profit of Rs.7100 Or 25.4% within a day on investment of 28000.

Bank deposit Gives Max.10% per annum..

Cheers!!!!!!!!
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