NIFTY FUTURE - SBI - RELIANCE - TATA MOTORS TRADING STRATEGIES FOR 11/10/12

A loss never bothers me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does damage to the pocketbook and to the soul.— ~ Jesse Livermore

LAST CLOSE @ 5672

STRONG SUPPORT AROUND 5635 - 5640 LEVELS

TWO CONSECUTIVE DAYS CLOSING BELOW 5640

THEN ULTIMATE TARGET FOR BEARS

--------------5585------5550 ------------

TRADING BELOW 5675

EXPECT NON STOP SLIDE UPTO

5660---------5645--------5640

LAST HOPE FOR BULLS

5632- 5640 LEVELS

BULLS NEED TO SUSTAIN ABOVE 5676 WITH VOLUME FOR 15-20 MINUTES

 TO SEE REAL POWER

BULLS TRY TO HIT 5695 -5711 LEVELS

THEREAFTER WATCH REAL EXPLOSIVE MOVE OF BULLS  UPTO

5727- 5735 LEVELS 

LAST CLOSE @ 2225

BELOW 2225

CAN SEE REAL POWER OF BEARS

UPTO 2205 ----------- 2195 ----------------- 2190

THEREAFTER

2170 NOT RULED OUT IN INTRA

HURDLES @ 2240-------------- 2255 LEVELS

BULLS NEED TO CLOSE ABOVE 2280 FOR ANOTHER UPMOVE

LAST CLOSE @ 816

TRADING BELOW 813

SIGNALLING WEAKNESS

TARGET FOR BEARS

807--------------- 801

RESISTANCE @ 824 AND 827

BULLS NEED TO CLOSE ABOVE 824..........FOR ANOTHER ROUND OF FIREWORKS

LAST CLOSE @ 270

TWO CONSECUTIVE DAYS CLOSING BELOW 270

ULTIMATE TARGET 258 AND 252