Friday, July 16, 2010

Nifty Trading Plan 16-July-2010

We are back after a small and sweet vacation.

For nifty future traders, pivot level will be 5383 today.

Above 5405, nifty future will move to 5425- 5435.

Support level is placed at 5357.

Below 5345 nifty future will move to 5325 and 5305.

It could be a tricky day for trading. The best trading strategy would be to use hourly

stochastic oscillator in combination with bollinger bands to take quick profits.

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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