NIFTY FUTURES TRADING IDEAS OF 21ST JUNE 2011

NIFTY FUTURE OPENED BETWEEN 1ST SUPPORT & 1ST RESISTANCE AND POWER SHORT GIVEN A PROFIT OF 53 POINTS BY REACHING 2ND TARGET, AS LONG NOT INITIATED AS IT DIDNT WENT ABOVE FOR LONG AFTER BREAKING DOWN 1ST SUPPORT AND WE ARE IN 5600 5500 5400 PUTS FROM OPENING ITSELF AS SENTIMENT IS BEARISH WHICH WE ALREADY EXPLAINED IN WEEKLY POST. AS PER LEVELS IT IS A PROFIT OF 53 POINTS. BUT OUR PSG CLIENTS MINTED GOOD PROFITS IN LONG ALSO APX 100 POINTS FROM DAY LOW AS REVERSAL HAPPENED EXPLAINED IN WEEKLY POST

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