Thursday, October 4, 2012

NIFTY FUTURE - SBI - RELCAP TRADING STRATEGIES FOR 05/10/12




Successful traders have a simple system. No matter which technique you use as long as you stick to it. A Successful trader knows only their own techniques and makes trades based ONLY on this system. "The secret to being a winner is consistency of purpose". Use the same strategies to enter the market and to exit the market and you'll always know what your getting. A successful trader knows the difference between defensive and offensive behavior, and when to use each. - protect your money first, profit later.

LAST CLOSE @ 5826

TRADING ABOVE 5826

INTRADAY TARGET 5842 - 5859 - 5870

STRONG RESISTANCE AROUND 5885- 5890

TRADING BELOW 5820

TARGET 5795

STRONG SUPPORT AROUND 5785 -5795

SUPPOSE BREAK  AND SUSTAIN BELOW  5780 

WILL TAKE TO 5760 NOT RULED OUT IN INTRA

THREE DAYS CLOSING   + WEEKLY CLOSING ABOVE 5775

ULTIMATE TARGET 5885 AND 5910 NOT RULED OUT
IN COMING DAYS
(DON'T FORGET THIS LINE)


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LAST CLOSE @ 2346

IF BULLS CAN TRADE AND SUSTAIN ABOVE 2350

INTRADAY TARGET 2378- 2383 -  2395

EXPECT PROFIT BOOKING AROUND 2385- 2395 LEVELS

STRONG SUPPORT AROUND 2300

YESTERDAY WE HAD WRITTEN

TWO DAYS CLOSING + WEEKLY CLOSING ABOVE 2305

ULTIMATE TARGET FOR BULLS
2355 - 2400- 2450 IN COMING DAYS 



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LAST CLOSE @ 453

RESISTANCE @ 462 - 470- 480

SUPPORT @ 448- 444 - 442