Nifty Trading Plan 24-September-2010

NIFTY OUTLOOK 24-SEP-2010


Readers would have minted the almighty dollar in Nifty trading today as 


nifty reversed from pivot level and fell all the way to breakdown level.


Nifty pivot level is placed at 5998 for tomorrow's trading.


6030 will be the strong resistance level.


The level to watch on upside will be 6047. 




Crossing this level nifty will annihilate all bears and move to 6076 and 6110.


On the downside, support is placed way down at 5950.




Break and trade below 5942 will invite trouble and index will correct to 5920, 5870 and 5850.




NEXT: When the pivot played Villain


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