Thursday, May 26, 2011

Trade Plan - May 27, 2011


Nifty closes above 5400 levels after a range bound session and an U turn after testing the support level of 5365 in the last half hour. VWAP @ close is 5385. Nifty closes at 5412.

1) Bullish range for tomorrow is 5425-5455-5480.
2) Reversal will be below 5365 levels only.
3) The 5-EMA level at close today is 5404. This level can be used as entry and exit point for tomorrow's intra day trade. Happy trading!
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3 comments:

  1. r mMay 26, 2011 at 10:38 PM

    Hi Vinod
    Through some desi calculations, i have arrived at the conclusion that BN futures are really at premium and not discount. :))

    https://spreadsheets.google.com/spreadsheet/ccc?key=0Ase3dtbFwQWUdDJHZTJVZWFQcGtDdXRVYzR6Wkg4Wmc&hl=en_US

    ReplyDelete
  2. VKMay 27, 2011 at 11:09 AM

    Hi RM,

    Very good calculations. Your analysis is certainly not paralysis :)

    Regards

    Vinod

    ReplyDelete
  3. r mMay 27, 2011 at 11:11 AM

    Paralysis is realtime, this analysis is delayed like yahoo quotes. :)

    ReplyDelete

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