Tuesday, October 16, 2012
NIFTY FUTURE AND ICICI TRADING STRATEGIES FOR 17/10/12
We must remove the emotional element as quickly as possible in trading. If you can do it before you put on a position, you have a good start.
The perfect speculator must know when to get in; more important he must know when to stay out; and most important he must know when to get out once he’s in.
LAST CLOSE @ 5652
IF TRADING AND SUSTAINING REMAIN BELOW 5664
SIGNALLING WEAKNESS......BEARS IN CONTROL
BEARS TRY TO EXTENT THE FALL UPTO
5657-----------5633------------5598
MAIN SUPPORT @ 5585
SUPPOSE BULLS CAN SUSTAIN AND TRADE ABOVE 5665
BULLS TRY TO HIT 5678--------5695----------5710
THEREAFTER 5715 WILL ACT AS HURDLE
STRONG RESISTANCE AROUND 5730- 5745 LEVELS
2-3 DAYS CLOSING BELOW 5650
WILL TAKE TO 5560- 5570 LEVELS VERY SOON
TRADING BELOW 1043
WILL TAKE TO 1032 AND 1029 IN INTRA ITSELF
RESISTANCE @ 1055 AND 1058 LEVELS
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