Wednesday, October 17, 2012
NIFTY FUTURE AND SBI TRADING STRATEGIES FOR 18/10/12
Good trading is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.— ~ Michael Steinhardt
LAST CLOSE @ 5670
IF PRICE TRADING AND SUSTAINING REMAIN BELOW 5664
WILL TAKE TO 5656 AND 5640 LEVELS
THEREAFTER 5633 WILL ACT AS SUPPORT
CONTINUOUSLY TRADING BELOW 5700
INDICATING BEARS IN POWER
IN INTRADAY SUPPOSE BULLS CAN TRADE AND STAYING ABOVE 5670
CAN WATCH RALLY UPTO
5695---------5715 LEVELS
THEREAFTER 5730 AND 5742 WILL ACT AS HURDLES FOR BULLS
MAIN SUPPORT @ 5635 - 5645 LEVELS
MAIN RESISTANCE @ 5730 - 5740 LEVELS
TRADING BELOW 2224 FOR 15- 20 MINUTES WITH VOLUME
SEE PANIC UPTO 2202-------2195--------2185 LEVELS
RESISTANCE @ 2255---------2265 LEVELS
STRONG SUPPORT @ 2170
Subject To Disclaimer
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