Monday, October 29, 2012

NIFTY FUTURE TRADING STRATEGY FOR 30/10/12




GOLDEN RULE
Analyze your losses. Learn from your losses. They're expensive lessons; you paid for them. Most traders don't learn from their mistakes because they don't like to think about them.

LAST CLOSE @ 5702


SUPPORT @ 5681 AND RESISTANCE @ 5730
MADE LOW 5678 AND MADE HIGH 5730


TRADING BELOW 5700.....SIGNALLING BEARS IN POWER

MAY TRY TO EXTENT THE FALL UPTO
 5675--------5666---------5645

MAIN SUPPORT  AROUND 5645 - 5637 LEVELS

IF BULLS CAN SUSTAIN ABOVE 5700 WITH VOLUME FOR 15- 20 MIN

EXPECT RALLY UPTO 

5730 ---------- 5744------5750 LEVELS

THEREAFTER  5757 WILL ACT AS RESISTANCE FOR BULLS

STIFF RESISTANCE AROUND 5745 - 5750 LEVELS
IN SHORT TERM TRADING AND CLOSING ABOVE 5645.....NO PROBLEM FOR BULLS

SUPPOSE 2-3 DAYS CLOSING BELOW 5645.....NEXT TARGET FOR BEARS.....?????
SUPPOSE 2-3 DAYS CLOSING ABOVE 5750.....NEXT TARGET FOR BULLS.....????

Subject To Disclaimer









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