NIFTY FUTURE TRADING PLAN
Readers who went short in nifty as per yesterday's column would
have minted the almighty dollar as nifty reversed from pivot level
and fell all the way to first target.
Pivot level for tomorrow is placed at 5380.
Support will come in at 5360.
Reversal from support or pivot level will take nifty future to 5425 which will
act as resistance for nifty.
Trading above 5441 will induce a change in nifty trend and bulls will nifty to
5460, 5480 and 5505.
Break and trade below 5346 will indicate continuing weakness and index will correct to
5325, 5305 and 5280.
NEXT: THE REVERSAL FROM PIVOT
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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