Thursday, May 27, 2010

Nifty Trading Plan 28-May-2010

NIFTY FUTURE TRADING PLAN


As we start a new series tomorrow, nifty futur will meet with stiff resistance at 5030.


Reversal from this level will take nifty to 5000, 4970, 4945.


However if nifty trades above 5060 it will move to 5085 and 5110.


4945 is the confluence support level for nifty future.


Break of 4920 with volumes will bring the bears back and they will knock nifty down to 4895.


NEXT : OPTIONS TO RICHES


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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