NIFTY FUTURE TRADING STRATEGY FOR 23/10/12

Trade what you see, Not what you think.

— Joe RossThe whole secret to winning in the stock market is to lose the least amount possible when you’re not right.

— ~ William O’Neil

LAST CLOSE @ 5725

ON THE BASIS OF WEEKLY CHART

RESISTANCE @ 5745------------ 5766---------------- 5775

SUPPORT @ 5656 --------------------- 5645------------5635

RESISTANCE @ 5722 - 5732 AND SUPPORT @ 5665- 5645

MADE HIGH 5731 AND MADE LOW 5666

RESISTANCE AROUND 5746 - 5757 - 5775

STIFF RESISTANCE AROUND 5745 -----5750 LEVELS

SUPPOSE TRADING BELOW 5720 WITH VOLUMES FOR 15- 20 MINUTES

SEE NON STOP SLIDE UPTO

5695 ----------------- 5665 ------------------- 5656 LEVELS

FOR INTRADAY

MAIN SUPPORT @ 5665

MAIN RESISTANCE @ 5750

ALREADY WRITTEN

2- 3 DAYS CONSECUTIVE CLOSING BELOW 5650

EXPECT FALL UPTO 5620-------5570 LEVELS VERY SOON

2-3 DAYS CONSECUTIVE CLOSING ABOVE 5740

CAN EXPECT RALLY UPTO 

5825----------5850 LEVELS VERY SOON