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

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  ????

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)