Wednesday, November 17, 2010

Nifty Trading Plan 18-November-2010

NIFTY FUTURE OUTLOOK


          The market balance point for nifty future is placed at 5985 tomorrow.


If nifty takes support at this level and reverses, it will move to 6020, 6045.


Break out will be above 6066 and targets for the BO are 6105 and 6145.


Trade below 5960 will take nifty to 5945 and 5920.


Last line of support is 5900.


If this support doesn't hold nifty will move down to 5865 and 5825 in no time.




NEXT: Yet another holiday



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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