NIFTY FUTURE - SBI -AXIS - RELCAP AND RELINFRA TRADING STRATEGIES FOR 17/09/12

LAST CLOSE @ 5585

BULLS IN ACTION FROM 5237 TO 5598

(GAINED 360 POINTS IN JUST 7 SESSIONS)

 TRADERS SHOULD MAINTAIN A BULLISH BIAS

 WATCH CURRENT POLITICAL SITUATIONS 

&

RBI BANKING POLICY ON 17/09/12 CAREFULLY

DON'T JUMP AND BUY @ HIGHER LEVELS

STEP ASIDE AND BUY ON DIPS STRATEGY

IN INTRADAY KEEP AN EYE

 @

5635  - 5640 LEVELS CAREFULLY

 TODAY 

TRADING AND STAYING ABOVE 5598

BULLS MAY TAKE TO

5635- 5670 LEVELS

THEREAFTER 5690 - 5700 WILL ACT AS HURDLES FOR BULLS

BELOW 5585

TARGET FOR BEARS

5565 - 5540 LEVELS...

ONCE BREAK BELOW 5540 WITH VOLUME AND TRADE 15- 20 MINUTES

SEE PANIC UPTO 5515- 5508 LEVELS NOT RULED OUT

LAST CLOSE @ 1972

NEXT HURDLES FOR BULLS 

@

1990- 2000

.........TRADE AND SUSTAIN ABOVE 2000.......

MAY TAKE TO 2025- 2030 LEVELS 

MAIN SUPPORT @ 1905- 1910 LEVELS

INTRADAY PLAYERS KEEP AN EYE

@

1930- 1935 LEVELS

LAST CLOSE @ 352

TECHNICALLY STRONG !!!!

SUPPORT @ 345- 340 LEVELS

........IF BULLS CAN SUSTAIN ABOVE 345 LEVELS.....

EXPECT BULLS MAY TAKE TO 

365- 375 LEVELS IN COMING DAYS

NEXT RESISTANCE AREA @ 365- 368 LEVELS

LAST CLOSE @ 471

HURDLES FOR BULLS 

@

472 AND 478 LEVELS

CROSSOVER AND STAYING ABOVE  472

SEE FIRE UPTO 478 - 483 LEVELS IN INTRDAY ITSELF

THREE CONSECUTIVE  DAYS CLOSING ABOVE 363 LEVELS

ULTIMATE TARGET FOR BULLS IN COMING DAYS

495 - 497

SUPPORT @ 460- 462 LEVELS

LAST CLOSE @ 1010

ABOVE 1005

WATCH RALLY UPTO

1025- 1035 LEVELS

THEREAFTER  1045 WILL ACT AS RESISTANCE 

SUPPORT @ 1000 - 988- 984 LEVELS

Subject To Disclaimer