Monday, November 5, 2012
NIFTY FUTURE TRADING STRATEGY FOR 06/11/12
Trade with a plan – not with hope, greed, or fear. Plan where you will get in the market, plan how much you will risk on the trade, and plan where you will take your profits.Establish your trading plans before the market opening to eliminate emotional reactions.
LAST CLOSE @ 5740
RESISTANCE AROUND 5760- 5766 LEVELS
IF BULLS CROSSOVER AND SUSTAIN ABOVE 5760
EXPECT RALLY UPTO 5775 NOT RULED OUT IN INTRA
MINOR RESISTANCE @ 5766
BULLS NEED TO CLOSE ABOVE 5775...THEN ONLY WE CAN EXPECT FURTHER UPSIDE UPTO 5850 - 5900 LEVELS
IN INTRADAY SUPPOSE TRADING BELOW 5748 FOR 15- 20 MINUTES WITH VOLUME
WATCH BLOOD BATH UPTO 5710 - 5700 LEVELS
BREAK BELOW 5700 WILL TAKE TO 5695 AND 5685 LEVELS IN MINUTES ONLY
!!! TRADE WITH LEVELS ONLY.....DON'T TRADE WITH EXPECTATION - HOPE-FEAR GREED... . !!!!
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