NIFTY FUTURE AND SBI TRADING STRATEGY FOR 09/08/12

LAST CLOSE @ 5355

ABOVE 5355...RESISTANCE @ 5367 AND 5372....CROSSOVER 5372....BULLS TRY TO KISS 5394 AND 5402

SUPPORT @  5345 AND 5332

BREAK BELOW 5332...BEARS MAY TAKE TO  5324 - 5318 - 5310

YESTERDAY INDICATES...TRADING ABOVE 2060...CAN SEE RALLY UPTO 2084 - 2095 LEVELS (MADE HIGH 2089)

TODAY, TRADING BELOW 2060....CAN SEE NON STOP SLIDE UPTO 

2045 - 2037 - 2030 LEVELS.

MAIN SUPPORT @ 2018

MAIN RESISTANCE @ 2072 - 2090

BULLS NEED TO CLOSE ABOVE 2090 FOR ANOTHER UPMOVE

SELL CASTROL  @ 605 AND TARGET HIT 598 (PROFIT 7/SHARE)

SELL KOTAK BANK @ 563 AND BOOKED PROFIT @ 558 ( PROFIT 5/SHARE)

SELL NIFTY FUTURE @ 5370 AND BOOKED PROFIT @ 5350 (PROFIT 20/LOT)

SELL JET AIRWAYS @ 386 AND BOOKED PROFIT @ 378 ( PROFIT 8/ SHARE)

SELL AXIS BANK @ 1100 AND BOOKED LOSS @ 1105 ( LOSS 5 / SHARE)

SELL PUNJAB NATIONAL BANK @ 752 AND BOOKED PROFIT @ 740 (PROFIT 12 / SHARE)

BUY ICICI BANK @ 963 AND BOOKED LOSS @ 961 (LOSS 2 / SHARE)