Tuesday, May 10, 2011

Trade Plan - May 11, 2011


Nifty trades flat after trading above the 5-DEMA level of 5566 in the morning session. Nifty closes flat at 5541. VWAP @ close is 5562.

1) Bullish range for tomorrow is now 5565-5610-5635.
2) Nifty remains weak below the 5-EMA level on closing basis and below 5540, could fall to 5480-5450.
3) The 5-EMA level is now 5557. Happy trading!

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