Monday, May 31, 2010

Nifty trading plan 01-June-2010

NIFTY FUTURE CHART



5070-5085 will be the key area to watch out for tomorrow's trading in nifty.


This is a confluence resistance area.


Reversal from this level will take nifty straight to 5040 and 5025.


Break if 5020 could induce correction to 4990 - 4985 tomorrow.


On the other hand, break and trade above 5085 with volumes will take nifty to 5115 (again :-)).


Next : NIFTY WEEKLY OUTLOOK


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss

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