Nifty Future:
Short around 5075 with Stop at 5079 in 30 minutes time frame close. TGT 5020 – 4960 – 4920
If closes above 5079 in 30 minutes TF, Buy with Stop at 5054. TGT 5130 – 5185 – 5220
Stock Future:
Buy JSWSTEEL around 573 with Stop at 570 in 30 minutes time frame close. TGT 590 – 595
Buy JUBLFOOD above 896 with Stop at 886. TGT 914 – 930
Happy Trading
C T Ramesh Raja
Hi all, now 20 ema came in handy for me it was @ 5029 which stopped nifty fut further slide but for a call option buy @ 5030 you might have a SL @ 4976 were the 20 sma will give support. Simply we can follow the range now btw 20 ema and 200 ema which is around 5324. Moving averages discussed here are Daily Moving Average.
The above given was the trading statergy picked by me for nifty fut trading on 20/10/11