Sunday, November 4, 2012

NIFTY FUTURE TRADING STRATEGY FOR 05/11/12




Traders should have a winning attitude. – Take responsibility for all your actions, don’t blame the market or world events.Lack of knowledge, no plans,fear, greed, lack of patience and over confidence are the common factors for failure.


LAST CLOSE @ 5740

AS PER WEEKLY CHART

RESISTANCE @ 5748 - 5775 - 5790 - 5855
SUPPORT @ 5730 - 5666 - 5656 - 5638


TRADING BELOW 5745

BEARS MAY TRY TO KISS
5725 --------5698---------5678 LEVELS

IF BULLS CAN TRADE AND STAYING ABOVE 5750

NEXT RESISTANCE @ 5756

BREAK AND CROSSOVER 5756 AND TRADE ABOVE 15- 20 MIN WITH VOLUME

SEE NON-STOP RALLY UPTO

5775 - 5780 LEVELS
 THEREAFTER 5790 WILL ACT AS HURDLES FOR BULLS

INTRADAY MAIN SUPPORT @ 5725 -------- 5700------5685

2-3 DAYS CLOSING ABOVE 5745....THEN NEXT TARGET FOR BULLS
 5825 - 5830 LEVELS..?????




LAST CLOSE @ 2160

RESISTANCE @ 2173 - ------2199--------2215

TRADING BELOW 2160

WILL TAKE TO 2135 ----------- 2125 ---------2114 LEVELS

OVERNIGHT POSITION BOUGHT @ 5670

             OUR OVERNIGHT POSITION BOUGHT     @             5670 AND BOOKED PROFIT @ 5728 
(PROFIT 58 POINTS OR 5800 / 2 LOTS)

SELL @ 5742 AND BOOKED PROFIT @ 5730 
(PROFIT 12 POINTS OR 1200 / 2 LOTS)



1 comment:

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    CapitalStars

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