Banknifty Spot
(Updated on 24-07-2012 at 08.40 am)
Sell below 10410-10470 on rise.
Trading above 10310 will elevate more
up to 10348-10366-10387
Breakout below 10239 will deteriorate sentiment
further and See 10217-10200
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THOUGHT FOR TODAY
Open Mind
The mind is like a parachute – it works best when it is open. How quickly we make assumptions, jump to conclusions and close our mind. How easily we form and hold fast to our opinions and then close our mind. How fast do we make a judgement, slap on a label and then close our mind. A closed mind never knows the delight of playing with possibilities, being enlightened by others point of view or enjoying the diversity of human life. An open and understanding mind never assumes, doesn’t jump to conclusions and won’t hold fast to any opinion. Perhaps it is no wonder a closed mind is not a very relaxed mind.
Nifty Future
(Updated on 24-07-12 at 08.20 am)
See the accuracy of our levels we had written yesterday.
We mentioned that fall up to 5158 was on card and breakout below
5158 would even drag lower upto 5111.
Now see the NF low i.e 5111.55
Now for today
5132-5144 zone is intraday hurdle.
Sustains above this level with volumes then see 5156-5167.
5167-5188 is strong hurdle going up.
Breakout below 5104 will trigger more downside up to
5090-5071.
If more panic persists then 5054 not ruled out.
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Many new traders are taken out of the trading game through bad mental practices. Here are some things that top money managers have shared through interviews and books that may help traders who are making mental mistakes in their trading.
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When you are trading like that, it is hard to be beaten. Time is your friend.
(Future Stock)
JUBLFOOD 1296- 1305
Intraday profit booking can be 1286 to 1296
Buyers will come 1242-1249
Don’t hold your position 1239 below…!
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ICICI BANK
Sell below 940.
Break below 932 expect slide upto 924-921
Axis bank
Below 1036 slide upto 1023
1010-1012 is short term support
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Banknifty Spot
Updated on 23-07-2012 at 08.40 am
We indicated several times that Banknifty would
start correction below 10525.
Below 10525 bears will continue pushing it lower
at 10443-10383.
More panic below 10425 may drive it to 10305.
10520-10540 is strong hurdle zone.
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