NIFTY FUTURE AND SBI TRADING STRATEGIES FOR 16/10/12

The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.— ~ Jesse Livermore

LAST CLOSE @ 5703

TRADING ABOVE 5703

SEE RALLY UPTO 

5715----------5743----------5750

THEREAFTER 5758 AND 5766 WILL ACT AS HURDLES

ONCE BREAK AND SUSTAIN BELOW 5710

BEARS TRY TO EXTENT THE FALL UPTO

5695 -------------5678 LEVELS

THEREAFTER 

BEARS TARGET MAY BE

5666----------------5656 LEVELS

20 EMA @ 5661

STIFF RESISTANCE AROUND 5750 - 5755 LEVELS

STRONG SUPPORT AROUND 5655- 5665 LEVELS

TRADING ABOVE 2265

TARGET FOR BULLS

2280 AND 2295 LEVELS

2305 NOT RULED OUT IN INTRA

SUPPORT @ 2245 AND 2240 LEVELS