NIFTY TRADING PLAN
As written in this column yesterday, 5290.35 decided the move of nifty future today.
On the eod chart, nifty has broken out of a flag pattern.
However, short term indicators are in divergence with price.
5365 will be critical level for bulls tomorrow.
Crossing and trading above 5375 with volumes, nifty future will move to 5395 and 5405.
On the other hand , 5300 has become critical level to watch for all long trades.
5300 PE witnessed quite some addition of OI today indicating that in the near term 5300
will decide the direction of nifty future.
Break and trade below 5295 with volumes will take nifty to 5275 and 5255.
NEXT: Nifty June 28
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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