SBI - AXIS - ICICI - RELCAP - RELINFRA TRADING STRATEGIES FOR 29/08/12

AS EXPECTED IN FREE FALL MODE... YESTERDAY WRITTEN....TRADING BELOW 330 ...SEE FALL UPTO 325 (MADE LOW 325)

TODAY....TRADING BELOW 328....SEE PANIC UPTO 325 -  317 AND 313 LEVELS

INTRADAY RESISTANCE @ 331 - 333- 338

PROBLEMS FOR BULLS TO CONTINUE...YESTERDAY INDICATED...BELOW 472.....TAKE TO 462 LEVEL (MADE LOW 460)

TODAY....TRADING BELOW 469....SEE PANIC UPTO 460 - 458 LEVELS.

THEREAFTER...????

INTRADAY HURDLES @ 469- 473 AND 478 

AS EXPECTED BEARS IN CONTROL....YESTERDAY WRITTEN...TRADING BELOW 1046....TAKE TO 1022 - 1016 LEVELS (MADE LOW 1017) AND HURDLE @ 1046 (MADE HIGH 1042)

TODAY....TRADING BELOW 1022.....SEE NON STOP SLIDE UP TO 1007 - 997- 991 LEVELS 

THEREAFTER...?????

INTRDAY RESISTANCE @ 1022- 1034 - 1038 LEVELS

AS EXPECTED IN CRASH MODE..... YESTERDAY WRITTEN... TRADING BELOW  935....SEE FREE FALL UPTO 920 LEVELS ( MADE LOW 919) AND RESISTANCE @ 942 (MADE HIGH 940)

TODAY...TRADING BELOW 922... BEARS TAKE TO 917 - 910- 907 LEVELS IN HRS ONLY

HURDLES FOR BULLS @930 -933 AND 939 LEVELS.

TECHNICALLY WEAK

TRADING BELOW 1838...TAKE TO 1820 - 1810 LEVELS IN INTRADAY

STIFF RESISTANCE @ 1860

BREAK ABOVE 1860....BULLS TRY TO HIT 1875 - 1885  AND 1895 LEVELS

CAN SEE 1800...IN FEW DAYS ????

 

BUY ICICI BANK PE 940 @ 8 AND BOOKED PROFIT @ 16 ( PROFIT 8 / LOT)

BUY AXIS BANK PE 1020 @ 6 AND BOOKED PROFIT @ 14 ( PROFIT 8 / LOT)

SELL NIFTY FUTURE @ 5345 AND EXIT @ 5351 (LOSS 6/LOT)

BUY ICICI BANK PE 920 @ 3 AND STILL HOLDING (MADE HIGH 7)