NIFTY FUTURE TRADING STRATEGY FOR 21/11/12

YESTERDAY WE HAD WRITTEN 

TRADING BELOW 5605

BEARS MAY TRY TO EXTENT THE FALL

UPTO 5568- 5555 LEVELS

MADE LOW 5555

LAST CLOSE @ 5584

STIFF RESISTANCE AROUND 5616- 5620 LEVELS

SO BULLS NEED TO CLOSE ABOVE 5620 FOR ANOTHER ROUND OF FIRE WORKS

OTHERWISE NO HOPE FOR BULLS

FOR FEW DAYS EXPECT SOME CONSOLIDATION IN BETWEEN 5555 - 5620 LEVELS

SO OUR BREAKOUT AND BREAK DOWN LEVELS ARE

5555 - 5620 

IN INTRADAY TRADING BELOW 5605.....BEARS IN CONTROL

WATCH NONSTOP SLIDE UPTO 5570 - 5563 - 5555 LEVELS 

LAST HOPE FOR BULLS @ 5530 LEVEL

2-3 DAYS CONSECUTIVE  CLOSING BELOW 5530

CONFIRMED TARGET FOR BEARS

5455- 5450 LEVELS

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