Tuesday, August 7, 2012

NIFTY FUTURE AND SBI TRADING STRATEGY FOR 08/08/12


pink Red smoke fog steam moving uppink Red smoke fog steam moving uppink Red smoke fog steam moving uppink Red smoke fog steam moving up


YESTERDAY BOLDLY WRITTEN.....IF BULLS CAN TRADE AND SUSTAIN ABOVE 5335..... TAKE TO 5365 LEVELS VERY SOON...(MADE HIGH 5367)

TODAY, WHAT TO EXPECT?

LAST CLOSE @ 5348

ABOVE 5350....RESISTANCE @ 5367 - 5374

CROSSOVER 5374....BULLS TRY TO HIT 5405 - 5410 LEVELS VERY SOON.

BELOW 5345.....BEARS TAKE TO 5334 - 5324 LEVELS.

BREAK BELOW 5324....THEN BEARS ULTIMATE TARGET MAY BE 

5310  ????


Airplane deploying Angel Decoy

LAST CLOSE @ 2061

TRADING ABOVE 2060...CAN SEE RALLY UPTO 2084- 2095 LEVELS

THEREAFTER.....BULLS TARGETS ARE 2105 - 2125 LEVELS.

INTRADAY SUPPORT @ 2045 - 2040 - 2030 

MAIN SUPPORT @ 2015 - 2010


YESTERDAY INTRADAY  PERFORMANCE

GODREJ CONSUMER PRODUCTS  (SELL @ 617 AND TARGET HIT 604 (PROFIT 13/SHARE)

SELL RANBAXY @ 514 AND TARGET HIT 508 ( PROFIT 6/ SHARE)

SELL RELIANCE @ 783 AND BOOKED LOSS @ 785 (LOSS 2/ SHARE)

SELL SBI @ 2045 AND BOOKED LOSS @ 2049 ( LOSS 4 / SHARE)

BUY SBI FUT @ 2045 AND BOOKED PROFIT @ 2065 ( 20 / LOT)

BUY PUNJAB NATIONAL BANK @ 748 AND BOOKED PROFIT @ 755 ( PROFIT 7 / SHARE)

BUY JUBILIANT FOOD @ 1163 AND BOOKED PROFIT @ 1174 ( 11 / SHARE)

BUY RELINFRA @ 523 AND BOOKED LOSS @ 520 (LOSS 3 / SHARE)







NIFTY FUTURE STRATEGY FOR 07/08/12




LAST CLOSE @ 5297

IN INTRADAY .....5315 - 5325 ...WILL ACT AS RESISTANCE FOR BULLS.

THEREAFTER...RESISTANCE @ 5335

EXPECT...BULLS CAN TAKE TO 5360 - 5365 LEVELS VERY SOON.

SUPPORT @ 5278 - 5268 LEVELS

BREAK BELOW 5268....BEARS TRY TO KISS 5253 - 5247 

GOOD SUPPORT @ 5247 LEVELS.