NIFTY FUTURE - RELIANCE-AXIS-ICICI-RELINFRA-RELCAPITAL-BANK OF BARODA TRADING STRATEGIES FOR 27/08/12

LAST CLOSE @ 782

STRONG SUPPORT @ 774

RESISTANCE @ 799- 802 LEVELS

CLOSING BELOW 774.... BEARS MAY TRY TO EXTENT THE FALL UPTO 755 - 750 LEVELS IN COMING DAYS.

IN INTRADAY... RESISTANCE @ 787 -790 LEVEL

IF BULLS CAN TRADE AND SUSTAIN ABOVE 783...TAKE TO 787-790 LEVELS IN INTRA....ABOVE 790....BULLS TARGETS ARE 795- 799 - 802 LEVELS.

SUPPOSE TRADING BELOW 787 FOR 10- 15 MINUTES WITH VOLUME ......THEN CAN SEE NON -STOP SLIDE UP TO 778 - 774 LEVELS .

TRADE WITH LEVELS ONLY.

TECHNICALLY STRUCTURE VERY WEAK

TRADING BELOW 500...FAVOURING BEARS ONLY.

TWO DAYS CLOSING BELOW 498- 500 LEVELS...LEADS TO FURTHER FALL UPTO

 478- 470 -465LEVELS.

BULLS NEED TO CLOSE ABOVE 500 - 507 LEVELS FOR ANOTHER UPMOVE

TECHNICALLY WEAK

IF BEARS TRADE AND SUSTAIN BELOW 350 - 347 LEVELS.....SEE NON STOP SLIDE UPTO

340 LEVEL IN INTRA .

CLOSING BELOW 340....BEARS MAY TRY TO KISS 330 AND 325 LEVELS IN COMING DAYS.

BULLS NEED TO CLOSE ABOVE 352 LEVEL FOR ANOTHER ROUND OF FIRE WORKS...

IN INTRADAY....IF BULLS CAN TRADE ABOVE 345...TAKE TO 348 - 350 LEVELS.

SUPPORT @ 1070 - 1065 LEVELS

BELOW 1065...TAKE TO 1053- 1046 LEVELS

INTRADAY RESISTANCE @ 1085- 1090.

IF BEARS TRADE AND SUSTAIN BELOW 952 - 950 LEVELS FOR 10- 15 MINUTES WITH VOLUME.....SEE PANIC UPTO 943 - 937 LEVELS IN INTRADAY ITSELF.

RESISTANCE @ 960 - 965 LEVELS.

LAST CLOSE @ 644

RESISTANCE @ 649 - 654 LEVELS

TRADING BELOW 639....WILL TAKE TO 633 AND 630 LEVELS IN INTRA