NIFTY FUTURE - SBI AND TATA STEEL TRADING STRATEGY FOR 13/08/12

LAST CLOSE @ 5345

TRADING ABOVE 5345....BULLS TRY TO KISS 5366...THEREAFTER 5384 AND 5394 ARE HURDLES FOR BULLS.

INTRADAY SUPPORTS @  5332 AND 5320 LEVELS.

BREAK BELOW 5320...BEARS MAY TAKE TO 5310 AND 5295 LEVELS..

LAST CLOSE @ 1888

TRADING BELOW 1885...BEARS TRY TO EXTENT THE FALL UP TO 1872 AND 1862 IN MINUTES ONLY.

THEREAFTER INTRADAY SUPPORT @ 1845

SUPPOSE BULLS CAN TRADE AND SUSTAIN ABOVE  1890.....FOR 5- 10 MINUTES...WITH VOLUME....WE CAN SEE UNEXPECTED RALLY UPTO 1920 - 1930 - 1940 LEVELS IN INTRADAY ITSELF.

ALREADY INDICATED ON FRIDAY....CLOSING BELOW 1935...WILL TAKE TO 1860 AND 1825 LEVELS VERY SOON.

TRADING BELOW 400...FOR 5 - 10 MINUTES....WILL TAKE TO 392 - 390 LEVELS IN INTRADAY ..

SELL PNB @ 735 AND BOOKED PROFIT @724 ( PROFIT 11 / SHARE)

BUY SBI PE 1800 @ 16 AND BOOKED PROFIT @ 21 ( PROFIT 5/ LOT)

SELL NIFTY FUT @ 5335 AND BOOKED LOSS @ 5341 ( LOSS 6 / LOT)

BUY BHARATI AIRTEL @ 262 AND BOOKED LOSS @ 260 (LOSS 2 / SHARE)