NIFTY FUT TRADING STRATEGY FOR 10/12/12

LAST CLOSE @ 5945

MAJOR HURDLES @ 5985 - 5990 LEVELS

BULLS NEED TO SUSTAIN ABOVE 5985 - 5990 LEVELS FOR FURTHER GAINS

OR ELSE......LIKELY CORRECTION UPTO 

5920------5890-------5870 LEVELS

AND SHORT TERM SUPPORT @ 5868- 5870 LEVELS

FAILURE TO SUSTAIN ABOVE 5870

WILL LEAD TO SEVERE CORRECTION UPTO 

5840 ---------- 5820 LEVELS

TRADING BELOW 5960.....REMAIN IN FAVOUR OF BEARS

LIKELY SLIDE UPTO 5928 - 5922 LEVELS

ONCE BREAK AND SUSTAIN BELOW 5920 LEVEL

CAN EXPECT SHARP NON STOP SLIDE UPTO

5895 --------- 5870 LEVELS

SO LAST HOPE FOR BULLS @ 5868- 5870 LEVELS

TRADING ABOVE 5960

BULLS MAY TRY TO SPURT UPTO

5985--------- 5990 LEVELS

IF BREAK AND SUSTAIN ABOVE  5990 WITH VOLUME FOR 15- 20 MIN

NEXT TARGET MAY BE  6020 LEVEL 

!!!! NOW THE TREND IS BUY ON DIPS TILL 5870 IS NOT BROKEN ON CLOSING BASIS !!!

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