NIFTY TRADING PLAN 11-AUG-2010

NIFTY FUTURE

Nifty intraday continuos moving pivot (CMT) is placed at 5460

for tommorow's trading.

Reversal from this level will take nifty future to 5425.

5425 - 5415 should act as strong support level for nifty future tomorrow.

Break and trade below 5410 will invite selling and index could correct to 5390,

5370 and 5350.

Nifty future resistance is placed at 5495 tomorrow,

Only if nifty future trades above 5507, outlook will turn positive.

In such a case nifty will move to 5530 and 5545.

NEXT: IOB

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

NIFTY TRADING PLAN 05-AUG-2010

NIFTY FUTURE OUTLOOK

Readers who went long at the pivot level would have had a great trade in nifty future

today.

Whatz cooking for tommorow ?

Continous moving pivot (CMT) has moved to 5455 for tomorrow's trade.

Support will come in at 5422.

Resistance is at 5490.

Breakout level is 5503 and the targets 5525, 5525.

Breakdown level is at 5407 and the breakdown targets are 5385 and 5365.

NEXT: Technical analysis of stocks

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

Nifty Trading Plan 04 AUG 2010

NIFTY FUTURE

Nifty future was stuck in a narrow range today.

For tomorrow's trading nifty future pivot is placed at 5433.

Resistance is placed at 5465 and support is placed at 5399.

Break out level is 5480.

Breakout targets are 5500 and 5520.

Break down level is 5385.

Break down targets are 5365 and 5340.

NEXT : Stuck in a narrow range

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