Monday, July 26, 2010

Nifty trading plan 27-Jul-2010

NIFTY FUTURE


Readers who traded short as per our weekly analysis would have printed the almighy dollar


as nifty reversed from our resistance area and crashed like 7 pins.


Those who missed this article can access it here


Nifty future will have strong support at 5392 tomorrow.


Trading below 5380 will invite trouble for bulls and index will correct to 5360, 5340 and 5320 tomorrow.


Nifty future pivot is placed at 5430 for tomorrow's trading.


Resisatance is placed at 5465 and breakout is above 5476.


Breakout targets at 5495, 5515 and 5540.


NEXT: WEEKLY GOLD OUTLOOK


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

No comments:

World Markets (delayed)