Sunday, November 4, 2012
NIFTY FUTURE TRADING STRATEGY FOR 05/11/12
Traders should have a winning attitude. – Take responsibility for all your actions, don’t blame the market or world events.Lack of knowledge, no plans,fear, greed, lack of patience and over confidence are the common factors for failure.
LAST CLOSE @ 5740
AS PER WEEKLY CHART
RESISTANCE @ 5748 - 5775 - 5790 - 5855
SUPPORT @ 5730 - 5666 - 5656 - 5638
TRADING BELOW 5745
BEARS MAY TRY TO KISS
5725 --------5698---------5678 LEVELS
IF BULLS CAN TRADE AND STAYING ABOVE 5750
NEXT RESISTANCE @ 5756
BREAK AND CROSSOVER 5756 AND TRADE ABOVE 15- 20 MIN WITH VOLUME
SEE NON-STOP RALLY UPTO
5775 - 5780 LEVELS
THEREAFTER 5790 WILL ACT AS HURDLES FOR BULLS
INTRADAY MAIN SUPPORT @ 5725 -------- 5700------5685
2-3 DAYS CLOSING ABOVE 5745....THEN NEXT TARGET FOR BULLS
5825 - 5830 LEVELS..?????
LAST CLOSE @ 2160
RESISTANCE @ 2173 - ------2199--------2215
TRADING BELOW 2160
WILL TAKE TO 2135 ----------- 2125 ---------2114 LEVELS
OVERNIGHT POSITION BOUGHT @ 5670
OUR OVERNIGHT POSITION BOUGHT @ 5670 AND BOOKED PROFIT @ 5728
(PROFIT 58 POINTS OR 5800 / 2 LOTS)
SELL @ 5742 AND BOOKED PROFIT @ 5730
(PROFIT 12 POINTS OR 1200 / 2 LOTS)
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