Nifty Trading Plan 22-October-2010

NIFTY FUTURE OUTLOOK


           What a rocking day !!! Once 6070 was crossed, there was no looking back


for bulls and they lifted nifty to 6152.


For today's trading, nifty pivot is placed at 6105.


Support is placed at 6069. For nifty to turn negative it must break and trade below 


6053. Doing that nifty will fall in a straight line to 6023 , 5988 and 5955.




On the other hand, resistance for nifty is at 6150. Above 6170 nifty will move to 


6190, and 6225.




Next: Bulls regain control

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