NIFTY FUTURE TRADING STRATEGY FOR 11/02/13

LAST CLOSE @ 5922

TODAY INTRADAY RESISTANCE @ 5933-------------5940 LEVELS

BULLS NEED TO BREAK AND SUSTAIN ABOVE 5940 FOR NEXT UPMOVE

ELSE

BEARS WILL HAVE UPPER HAND

TRADING BELOW 5940 SIGNALLING BULLS IN TROUBLE

BEARS MAY TRY TO HIT

5900----------5895-----------5882 LEVELS

SEEMS GOOD SUPPORT AROUND 5855----------5865 LEVELS

BULLS REAL STRENGTH ONLY ABOVE 5940

IF BULLS  BREAK AND STAYING ABOVE 5940

CAN EXPECT BULLS RALLY UPTO

5973--------------5993 LEVELS IN INTRA ITSELF NOT RULED OUT

ROCK RESISTANCE AROUND 5990-------------5995 LEVELS

SO FOR NEXT MARCH TO HIGHER LEVELS .......BULLS NEED TO CLOSE ATLEAST ABOVE 5995 LEVELS

ELSE

BEARS TARGET MAY BE 5838----------5820  IN COMING DAYS ?????

JUST WAIT AND SEE !!!!

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