Tuesday, August 10, 2010

NIFTY TRADING PLAN 11-AUG-2010

NIFTY FUTURE


Nifty intraday continuos moving pivot (CMT) is placed at 5460


for tommorow's trading.


Reversal from this level will take nifty future to 5425.


5425 - 5415 should act as strong support level for nifty future tomorrow.


Break and trade below 5410 will invite selling and index could correct to 5390,


5370 and 5350.


Nifty future resistance is placed at 5495 tomorrow,


Only if nifty future trades above 5507, outlook will turn positive.


In such a case nifty will move to 5530 and 5545.


NEXT: IOB


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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