NIFTY TRADING PLAN 08-MAR-2011
Concerns on DMK withdrawing support for UPA govt weighed heavily on nifty as it opened gap down and moved down before a smart recovery towards close.
For tomorrow's trading nifty will find good support at 5450 level.
Reversal from this level will take nifty to 5475, 5500 and 5525.
5525 will be strong resistance level. Trading above this will take nifty to weekly targets
mentioned in yesterday's column.
Today's low of 5400 will be critical for nifty future in days to come.
Breaking 5400 will take nifty future down to short targets mentioned in weekly outlook.
NEXT: 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
Concerns on DMK withdrawing support for UPA govt weighed heavily on nifty as it opened gap down and moved down before a smart recovery towards close.
For tomorrow's trading nifty will find good support at 5450 level.
Reversal from this level will take nifty to 5475, 5500 and 5525.
5525 will be strong resistance level. Trading above this will take nifty to weekly targets
mentioned in yesterday's column.
Today's low of 5400 will be critical for nifty future in days to come.
Breaking 5400 will take nifty future down to short targets mentioned in weekly outlook.
NEXT: 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
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