Wednesday, May 18, 2011

Trade Plan - May 19, 2011


The fall continues for Nifty but 5400 has managed to hold. VWAP @ close is 5427. Nifty closes at 5421

1) Close below 5435, could take Nifty down to 5390-5350 levels.
2) Reversal will only be above 5470 and closing above 5535.
3) The 5-EMA level is now 5471 at EOD today. Happy trading!

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