Wednesday, October 6, 2010

Nifty Trading Plan 07-October-2010

NIFTY FUTURE OUTLOOK


               Nifty moved from pivot to resistance level as mentioned in yesterday's column.


However bulls could not cross the upper level of 5248. 




For tomorrow's trading, nifty future pivot is placed at 5210. 


Support is placed at 6173 and break out level at 6158.


Trading below 6158 will take nifty future down to 6140, 6125 and 6100.


Resistance level has moved to break out level of yesterday and is at 5248.


Trading above 6265 will take nifty future will take nifty to 5299 and 5315.


NEXT: Power of levels


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

No comments:

World Markets (delayed)