NIFTY FUTURE TRADING STRATEGY FOR 29/10/12

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” Warren Buffet

LAST CLOSE @ 5699.30

LAST 12 TRADING DAYS NIFTY FUTURE TRADING RANGE IN BETWEEN 

5749 - 5667 LEVELS

THIS WEEK WE CAN EXPECT SOME BREAKOUT OR BREAKDOWN  FROM THESE TRADING RANGE LEVELS AND BIG MOVE ON CARD AT LEAST 100- 120 POINTS

UP OR DOWN????

ON THE BASIS OF WEEKLY CHART ANALYSIS

RESISTANCE @ 5745-------5775---------5855

SUPPORT @ 5666--------5637--------5597

ON THE BASIS OF DAILY CHART

INTRADAY VIEW

TRADING BELOW 5700 FOR 15- 20 MINUTES WITH VOLUME 

WATCH PANIC UPTO 5681 AND 5666 LEVELS

THEREAFTER TARGET FOR BEARS MAYBE

5645

IF BULLS CAN SUSTAIN AND TRADE ABOVE 5700

BULLS MAY TRY TO KISS

5718 - 5730 LEVELS

ONCE CROSSOVER 5730 AND SUSTAIN 

WATCH RALLY UPTO 5743 LEVELS

STIFF RESISTANCE AROUND 5632 AND 5643 LEVELS

Subject To Disclaimer