NIFTY FUTURE AND ICICI TRADING STRATEGIES FOR 17/10/12

We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start.

The perfect speculator must know when to get in; more important he must know when to stay out; and most important he must know when to get out once he’s in.

LAST CLOSE @ 5652

IF TRADING AND SUSTAINING REMAIN BELOW 5664

SIGNALLING WEAKNESS......BEARS IN CONTROL

BEARS TRY TO EXTENT THE FALL UPTO

5657-----------5633------------5598

MAIN SUPPORT @ 5585

SUPPOSE BULLS CAN SUSTAIN AND TRADE ABOVE 5665

BULLS TRY TO HIT 5678--------5695----------5710

THEREAFTER 5715 WILL ACT AS HURDLE

STRONG RESISTANCE AROUND 5730- 5745 LEVELS

2-3 DAYS CLOSING BELOW 5650

WILL TAKE TO 5560- 5570 LEVELS VERY SOON

TRADING BELOW 1043

WILL TAKE TO 1032 AND 1029 IN INTRA ITSELF 

RESISTANCE @ 1055 AND 1058 LEVELS

Subject To Disclaimer