Tuesday, October 5, 2010

Nifty Trading Plan 06-October-2010

NIFTY FUTURE OUTLOOK


       Readers of the blog would have printed the almighty dollar today in nifty future, as it


reversed exactly from resistance level given yesterday and crashed 60 rupees.


Those who missed the article can access it here.


For tomorrow's trading. nifty future pivot is placed at 6182.


Support for nifty is at 6144. Below 6130 bears will pound nifty 6115, 6100 and 6085.


Resistance level for nifty is at 6225, 


For nifty to be attracted by bulls, it needs to cross 5241. 


Doing so, nifty might attempt to scale 6255 and 6270.




NEXT: Resistance overhead


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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