Wednesday, October 20, 2010

Nifty Trading Plan 21-October-2010

NIFTY FUTURE OUTLOOK


                Readers who went short in nifty future today at resistance level mentioned in yesterday's 


column would have minted the almighty dollar as nifty crashed from resistance to target level. 


For tomorrow's trading nifty pivot level is at 6045.


Resistance is placed at 6058. If nifty trades above 6070 it will move to 6090,  6115 and 6135.


Support level is at 5983. 


If nifty breaks and trades below 5968 it will slide to  5950 and 5925.




NEXT: Bears on the prowl !!!


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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