Earning Wealth is no more Difficult

Strategy for July 2010 series

Nifty fut tgt given for june series was 5150/5300 both were achieved....
As of now, Nifty if sustain 5225/40 support for any decline...buy opportunity I see...So, I will go long 50% @ 5240/50 and rest @ 5225/30 fot the tgts of 5400/5450/5500/5550.... keeping SL 5180

In june series as I told nifty is running into upward channel...and it took support exactly at lower trend line @ 4800...and from there we have seen 5300 levels...
So, now the nifty upper resistence as per 600 point upward channel is @ 5550...so if this level gives breakout with gud volume, then high risk trader can buy nifty & just add 600 point to 5550 for up tgts...but nifty after rallying till 5550 may get exhaust and surrender all its gains and may tgt for lower trendline of channel till 4900...

So, after 5500/5550 tgts...i would prefer to go short in july as well as in august series...tgts will be 5400/5250/5150/5000/4900... with a SL of 5610.


Strategy for Nifty Fut for JUNE 2010 series

Nifty Fut has shown a tremendous downside in a recent time...then taking support @ 4800 psychological level and a 600 point channel's lower uptrend line...
Now, Nifty Fut has seen a good short covering but it remains bearish if stays below 5020/40 levels...above these levels bulls will pull their sleeves up and we may see nifty going 5150/5300 in june series.

So, one can go short at 5020/5040 levels keeping 5075/80 SL...for the tgts of 4920/4850/4750...any 2-3 days successive close below 4750 will break the sentiments even more and the last hope for bulls will be 4675...if this breaks we will see blood bath...

Strategy result for June 2010 series...

As said on 28th may 2010 to go short @ 5040 with sl of 5075/80...high on 31st may 2010 was 5071.70 took resistence from my sl levels and fall till 4933.5 on the very next day i.e 1st june 2010...more than 100 pts gained...

And as said close abv 5040/80 level...nifty will head for 5150/5300...so on 18th june 2010 the nifty fut high was 5296.80 ( almost 5300 tgt achieved )...profit of 200/250 pts...

Tally would be 100pts(short) + 250pts(long) = 350 pts profit in june series
Nifty fut 1 lot i.e 50*350 = Rs 17,500 profit
Nifty fut 2 lot i.e 100*350 = Rs 35,000 profit

July 2010 strategy will be updated after June 2010 series is over...
Thanx and hope u all have earned huge profits...