Tuesday, August 2, 2011

Trade Plan - August 3, 2011


Downtrend continues and Nifty closes @ 5457. VWAP at close is 5464.

1) The downtrend continues and the expected level of 5435 finds support. Now Nifty finding support above 5480, can aim to touch 5505-5530-5555 levels purely based on short covering rally intra day tomorrow. Reversal level will be 5505 to initiate longs.
2) Below 5480, next level of support below 5435 is 5395-5355. Happy trading :)

No comments:

Post a Comment