Friday, July 1, 2011

Trade Plan - July 4, 2011


Nifty opens gap up above 5700 and falls from there gradually to close marginally in the red at 5627. VWAP @ close is 5648.

1) Some consolidation expected around 5600-5665 level now, before move above 5665 for target of 5720-5765. Reversal level on Monday will be 5665 and above only.
2) Below 5610, Nifty will remain weak and could fall to 5580-5550.
3) In the morning two charts of Nifty and Bank Nifty posted with the 52-week update and key resistance and support levels for the market. Happy weekend! Happy trading!

NB: I am taking a break from trading for a week and will be back with posting daily trade plans only next weekend (July 8th). Happy trading :)
Posted by at

3 comments:

  1. r mJuly 3, 2011 at 5:45 PM

    Thanks Vinod!
    Happy Break. :)

    regards.
    rm

    ReplyDelete
  2. VKJuly 7, 2011 at 7:19 PM

    Hi RM:

    Thanks RM. 57XX is finally on the board :).

    ReplyDelete
  3. r mJuly 7, 2011 at 7:48 PM

    Aha, so you took a 'break' from your break to celebrate 57XX. :)

    ReplyDelete

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