Wednesday, June 2, 2010

Nifty Trading Plan 03-June-2010

NIFTY FUTURE



5025 - 5045 is crucial resistance level for nifty future tomorrow.


Reversal from this zone will take nifty to 4985 - 4975 which is confluence support band .


5065 and 4965 can be considered as break out and break down levels for nifty future tomorrow.


A break out will see nifty moving to 5085 and 5105


On the other hand a break down from 4965 will see nifty falling to 4945, 4935 and 4905.


It could be a highly volatile day tomorrow with the support and resistance bands placed 60 points from each other.


NEXT : Nifty 02-June-2010


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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