Sunday, October 7, 2012

NIFTY FUTURE - INFOSYS - TCS - ICICI TATA MOTORS TRADING STRATEGIES FOR 08/10/12


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Develop the necessary mental skills to trade well. . Spend time learning how to stay focused on the present moment. Learn how to 'mentally park' losses and trading errors. Learn how to let winning trades run and cut losing trades short. These are all crucial mental skills that are not found in reading the MACD or price bars.Trading is a tough business with lots of 
adversity. If you haven't got a clear sense of what you are all about in your trading, you 
will find trading very difficult.



LAST CLOSE @ 5776

IN INTRADAY TRADING BELOW 5780
SIGNALLING BEARS IN CONTROL

BEARS MAY TRY TO EXTENT THE FALL UPTO

5765- 5760

STRONG SUPPORT  AROUND 5765- 5760 LEVELS IN INTRA
 SUPPOSE BREAK BELOW 5760 AND TRADE 15- 20 MINUTES WITH VOLUME

SEE PANIC FALL UPTO 5740- 5735 LEVELS NOT RULED OUT IN INTRA

TRADING ABOVE 5780

BULLS TRY TO HIT 5840 IN INTRA ????

MINOR RESISTANCE @ 5790 AND 5825 


LAST CLOSE @ 2526

TRADING  BELOW 2525

SEE SHARP FALL UPTO 2483 - 2450  - 2430 

IN COMING DAYS 

RESISTANCE @ 2555 - 2565




LAST CLOSE @ 1304

IF TRADING REMAIN BELOW 1300

BEARS TRY TO HIT
1276 -----------1270- --------1260

 IN INTRA ITSELF OR IN COMING DAYS

RESISTANCE @ 1325  AND 1340


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LAST CLOSE @ 1067

DARK CLOUD COVER PATTERN FORMED IN DAILY CHART
MAJOR BEARISH REVERSAL PATTERN

INTRADAY RESISTANCE @ 1087---------1093------------1100

INTRADAY SUPPORT @ 1057---------1046---------------1041

STRONG SUPPORT AROUND 1030- 1020 LEVELS 


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LAST CLOSE @ 281

TRADING AND STAYING ABOVE 280 INDICATING BULLS IN POWER
WILL TRY TO HIT 288-  290 - 295 IN INTRA

STRONG SUPPORT  AROUND @ 267- 270 LEVELS

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