NIFTY FUTURE - SBI - RELCAP ANALYSIS FOR 04/10/12

TAKE A LOSS WHERE NECESSARY :  Knowing when to take a loss is the most important lesson any day trader ever learns. If you keep your losses small, you can come back to fight another day. As long as you control the loss in a calm, professional way, keeping it within the limits you have set for your money management strategy, it is STILL a good trade!

LAST CLOSE @ 5768

STIFF RESISTANCE AROUND 5785----- 5795 LEVELS

STRONG SUPPORT @ 5635----- - 56345 LEVELS

IMMEDIATE RESISTANCE @ 5775

TRADING ABOVE 5775

INDICATING BULLS IN POWER

TARGET FOR BULLS IN INTRADAY

5795---------5818------- - 5825

 MINOR RESISTANCE AROUND  5780- 5785 LEVELS

SUPPOSE TRADING BELOW 5760

WILL TAKE TO 5740------ 5735--------- - 5725 LEVELS NOT RULED OUT IN INTRA

THREE DAYS CLOSING   + WEEKLY CLOSING ABOVE 5775

ULTIMATE TARGET 5885 AND 5910 NOT RULED OUT

IN COMING DAYS

THREE DAYS CLOSING   + WEEKLY CLOSING BELOW 5750

TARGET FOR BEARS

5690------- 5650---------- 5625  NOT RULED OUT

STRONG SUPPORT @ 5625 (CLOSING BASIS)

LAST CLOSE @ 2297

STRONG SUPPORT @ 2280

PRICE TRADING ABOVE 2305 FAVOUR BULLS ONLY

CAN EXPECT FIRE WORKS UPTO 

2325 - 2350 - 2375 NOT RULED OUT IN INTRA

TWO DAYS CLOSING + WEEKLY CLOSING ABOVE 2305

ULTIMATE TARGET FOR BULLS

2355 - 2400- 2450 IN COMING DAYS 

KEEP AN EYE @ 2280

BELIEVE IT OR NOT

LAST CLOSE @ 444

IMMEDIATE RESISTANCE @ 453

STRONG SUPPORT @ 435- 430

IF BULLS CAN SUSTAIN ABOVE 444

INTRADAY TARGET FOR BULLS

453- 460

THEREAFTER  470

  ULTIMATE TARGET 500 OR 550 ???

JUST WAIT AND SEE

Subject To Disclaimer