Nifty Trading Plan 14-September-2010

NIFTY FUTURE OUTLOOK 14-Sep-10




As written in this column, nifty opened above the resistance area and proceeded to achieve all targets of weekly projection.


It was a beautiful run by bulls and readers of JerryTechnicals would have been on the right side of the trade.






For tomorrow’s trading, nifty future will face resistance at 5785.


For nifty to continue its momentum, it must trade above 5800.


If bulls manage to do that, nifty will fire to 5825, 5850 and 5870.






However, reversal from 5785 will take nifty to 5751 which is pivot level for tomorrow.


Support for nifty future is at 5715. For nifty to go into negative zone it must break and trade below 5700.


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





NEXT: Weekly outlook