Wednesday, August 4, 2010

NIFTY TRADING PLAN 05-AUG-2010

NIFTY FUTURE OUTLOOK


Readers who went long at the pivot level would have had a great trade in nifty future


today.


Whatz cooking for tommorow ?


Continous moving pivot (CMT) has moved to 5455 for tomorrow's trade.


Support will come in at 5422.


Resistance is at 5490.


Breakout level is 5503 and the targets 5525, 5525.


Breakdown level is at 5407 and the breakdown targets are 5385 and 5365.


NEXT: Technical analysis of stocks


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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