Tuesday, August 16, 2011

Trade Plan - August 17, 2011


The downward journey of previous week continues into this week and Nifty is now considerably down  and closes @ 5036. VWAP @ close is 5075.

1) Below 5035 Nifty can now fall to 4970-4930.
2) The level of 5110 will remain the level of reversal and Nifty will face resistance around 5075-5110 levels now. Happy trading!

No comments:

Post a Comment