Tuesday, November 6, 2012
NIFTY FUTURE TRADING STRATEGY FOR 07/11/12
Program your mind to accept many small losses. Program your mind to "sit still" for a few large gains.
Over Confidence and the false sense of invincibility based on past wins as receipe for disaster.
LAST CLOSE @ 5767
TRADING ABOVE 5760....MEANS BULLS IN POWER
MAY TAKE TO 5775 - 5785- 5790 LEVELS
NOW BULLS NEED TO TRADE ABOVE 5790 FOR FURTHER HIGHER LEVELS
STIFF RESISTANCE AROUND 5785-5790 LEVELS
SUPPOSE CROSSOVER AND BREAK OUT 5790......... TRADE AND SUSTAIN WITH VOLUME FOR 15- 20 MINUTES
SEE BLAST UPTO 5825 LEVELS IN HOURS ONLY
PSYCHOLOGICAL RESISTANCE @ 5800
BREAKDOWN AND TRADE BELOW 5760
BEARS MAY TRY TO EXTENT THE FALL UPTO
5748 - 5728 - 5710 LEVELS
2-3 DAYS CLOSING ABOVE 5775...BIG POSITIVE TRIGGER FOR BULLS
WILL TAKE TO 5850- 5900 LEVELS VERY SOON
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