Tuesday, June 22, 2010

NIFTY hits value zone

NIFTY hits value zone and activates swing long trade. Trade long above 5341.75 on futures with a stop of 5295 on future on swing system. If the position is not filled, entry triggers are likely to change in the next hour. Value zone in the current hour is at 5295-5330. Though the market is having strong bullish sentiment, as it penetrates into the value zone, trend traders need to wake up from slumber.

It has been quite a long journey and happy part of it is no tension. Now let's start tightening our seat belts till NIFTY hovers around the value zone, if it flies off smooth, then again we shall resume our slum……..rrrrrrr.

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