Wednesday, August 25, 2010

Nifty Trading Plan 26-Aug-2010

NIFTY FUTURE OUTLOOK


Readers who traded as per our plan would have made good profits on a topsy turvy day.


Tomorrow is expiry and as usual expect it to be a wild day.


The continous moving pivot has moved to 5475.


Trading below this level will take nifty future to 5440.


Trade below 5430 will indicate trouble and nifty will move down to 5406.


On the other hand, resistance is placed at 5507.


For bulls to enjoy on an expiry day, nifty must trade above 5520.


NEXT: Short at resistance


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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