Wednesday, August 11, 2010

Nifty Trading Plan 12-Aug-2010

Readers of JerryTechnicals would have printed the almighty dollar in


today's short of nifty future.


It reversed exactly from our short level and tanked to our support level.


Those who missed this post can access it here.


For tommorow's trading, 5450 will present a huge hurdle for bulls.


Reversal from this level will take nifty future to 5420 and 5385.


5373 is critical support for nifty future tomorrow.


If 5373 is not saved by bulls, market will correct to 5350 and 5330.


NEXT : The rocking short


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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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