Wednesday, October 17, 2012

NIFTY FUTURE AND SBI TRADING STRATEGIES FOR 18/10/12





Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.— ~ Michael Steinhardt

LAST CLOSE @ 5670

IF PRICE TRADING AND SUSTAINING REMAIN BELOW 5664

WILL TAKE TO 5656 AND 5640 LEVELS

THEREAFTER 5633 WILL ACT AS SUPPORT

CONTINUOUSLY TRADING BELOW 5700

INDICATING BEARS IN POWER

IN INTRADAY SUPPOSE BULLS CAN TRADE AND STAYING ABOVE  5670

CAN WATCH RALLY UPTO

5695---------5715 LEVELS 

THEREAFTER 5730 AND 5742 WILL ACT AS HURDLES FOR BULLS

MAIN SUPPORT @ 5635 - 5645 LEVELS

MAIN RESISTANCE @ 5730 - 5740 LEVELS



TRADING BELOW 2224 FOR 15- 20 MINUTES WITH VOLUME

SEE PANIC UPTO 2202-------2195--------2185 LEVELS

RESISTANCE @ 2255---------2265 LEVELS

STRONG SUPPORT @ 2170

Subject To Disclaimer





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