AUTOMATED TRADING

AUTOMATED TRADING

18 October 2012

NIFTY UPDATE

The current ongoing wave in Nifty will remain boring and time consuming. this type of action is really happen and  typical for trading in wave 4. We mentioned 5735 earlier as important resistance on upside and prices made a high of 5714 and turned down from there yesterday.
The daily chart of Nifty clearly showing alternate days red and blue candles since past 7 trading sessions. If this structure continues Nifty can form a red candle today which means close below the previous day’s close.
Nifty Nov future showing too much premium. A blasting move may happen in nov series. Your DIWALI may be very good this year. I have made a very good plan to do minimum double our capital in Nov.

Remember Goddess Lakshmi dosenot knock same door again. If you miss the time it will never come back.

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