Nifty Trading Plan 09-November-2010

NIFTY FUTURE OUTLOOK


                  After an explosive diwali move, nifty future decided to take a pause yesterday.


With all time high just in the reckoning, it remains to be seen why the market decided to take 


rest at this level. Does it show the maturity of market participants or does it imply weakness?


Let us examine with levels.




The market balance point for today is 6295.


Resistance is placed at 6305.


Break and trade above 6315 will take nifty to 6330, 6345, 6355.




Support for nifty future us at 6265. 


Break and trade belwo 6250 will take nifty to 6235, 6225 and 6210.














NEXT: NIFTY weekly outlook




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