Sunday, October 7, 2012
NIFTY FUTURE - INFOSYS - TCS - ICICI TATA MOTORS TRADING STRATEGIES FOR 08/10/12
Develop the necessary mental skills to trade well. . Spend time learning how to stay focused on the present moment. Learn how to 'mentally park' losses and trading errors. Learn how to let winning trades run and cut losing trades short. These are all crucial mental skills that are not found in reading the MACD or price bars.Trading is a tough business with lots of
adversity. If you haven't got a clear sense of what you are all about in your trading, you
will find trading very difficult.
LAST CLOSE @ 5776
IN INTRADAY TRADING BELOW 5780
SIGNALLING BEARS IN CONTROL
BEARS MAY TRY TO EXTENT THE FALL UPTO
5765- 5760
STRONG SUPPORT AROUND 5765- 5760 LEVELS IN INTRA
SUPPOSE BREAK BELOW 5760 AND TRADE 15- 20 MINUTES WITH VOLUME
SEE PANIC FALL UPTO 5740- 5735 LEVELS NOT RULED OUT IN INTRA
TRADING ABOVE 5780
BULLS TRY TO HIT 5840 IN INTRA ????
MINOR RESISTANCE @ 5790 AND 5825
LAST CLOSE @ 2526
TRADING BELOW 2525
SEE SHARP FALL UPTO 2483 - 2450 - 2430
IN COMING DAYS
RESISTANCE @ 2555 - 2565
LAST CLOSE @ 1304
IF TRADING REMAIN BELOW 1300
BEARS TRY TO HIT
1276 -----------1270- --------1260
IN INTRA ITSELF OR IN COMING DAYS
RESISTANCE @ 1325 AND 1340
LAST CLOSE @ 1067
DARK CLOUD COVER PATTERN FORMED IN DAILY CHART
MAJOR BEARISH REVERSAL PATTERN
INTRADAY RESISTANCE @ 1087---------1093------------1100
INTRADAY SUPPORT @ 1057---------1046---------------1041
STRONG SUPPORT AROUND 1030- 1020 LEVELS
LAST CLOSE @ 281
TRADING AND STAYING ABOVE 280 INDICATING BULLS IN POWER
WILL TRY TO HIT 288- 290 - 295 IN INTRA
STRONG SUPPORT AROUND @ 267- 270 LEVELS
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