Nifty Trading Plan
Those who followed our analysis based on volume and shorted at 5375 as written in this column
would be laughing all the way to bank today.
As mentioned in this column 5354 turned out to killer level today.
Those who do not believe in volume analysis would have had their SL hit both sides today.
Market is a great humbler.
For tomorrow, key pivot level is 5325.
Resistance is placed at 5345 and Breakout at 5355.
Targets for the breakout will be 5370 and 5385.
5290 is the support level. Break and trade below this level with volumes will take nifty to 5270.
As expiry is nearing, a contraction in range is what is indicated by volume analysis.
NEXT: Trading plan 22-JUN-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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