Monday, May 17, 2010

Nifty Trading Plan 18-May-2010


Today's low of nifty future is extremely critical in the near future. Breaking and trading below 4957 , nifty future will


be knocked hard to 4932, 4905 and 4880.


On the other hand, extremely strong support exists at 5005. Reversal from support will take nifty future to 5045 and 5075.


Breaking and trading above 5080 will take nifty future to 5105, 5130 and the logical extension target of 5158.


NEXT: When 5020 ruled the roost


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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