NIFTY FUTURE-ICICI-SBI-RELIANCE-CANARA-HCL TECH TRADING STRATEGY FOR 22/04/13

LAST CLOSE @ 5783

INTRADAY MAIN SUPPORTS @

 5773------ 5763------5750-------5738 

BULLS SUSTAINING ABOVE 5773...........AVOID SHORTS..........BIG FIREEEE ON CARD

TILL 5816-----------5838-----------5847-----------5855

MINOR RESISTANCE @ 5797 AND 5808

SEEMS LOT OF RESISTANCES AROUND 5850 AND 5875 LEVELS

IF BULLS ABLE TO SUSTAIN ABOVE 5808........EXPECT RALLY WILL CONTINUE   TILL

5875 NOT RULED OUT IN COMING DAYS

TRADERS SHOULD BE CAUTIOUS AT HIGHER LEVELS.......EXPECT PROFIT BOOKING AROUND 5850-75 LEVELS

ALSO CONSIDER SHORTS AROUND 5870 - 75 LEVELS IF COMES.....WITH 10-15 POINTS SL FOR 50- 100 POINTS PROFIT....BUT ALERT....CLOSING ABOVE 5825 STILL BULLS IN POWER

LAST CLOSE @ 422

MAIN SUPPORT @ 422 AND 415

TRADING ABOVE 422.......BULLS IN POWER

WILL TALE TO 435- 38 --46 LEVELS IN COMING DAYS

LAST CLOSE @ 1123

INTRADAY CRUCIAL SUPPORT @ 1115 - 12 LEVELS

ABOVE 1115.......BULLS TARGET

1138 AND 1150

LAST CLOSE @ 782

MAIN SUPPORT @ 765- 60..............IF BULLS MANAGE TO HOLD 

WILL SEE 800 - 810 LEVELS VERY SOON

LAST CLOSE @ 2300

SUPPORT @ 2287 AND 2270

IMMEDIATE TARGET FOR BULLS 2338 AND 2365.....THEREAFER

2380 TARGET FOR BULLS

LAST CLOSE @ 736

RESISTANCE AROUND 738 AND 745

TRADING BELOW 745 ......BIG FALL ON CARD

IMMEDIATE TARGET  FOR BEARS 

716------708-------700

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