Monday, August 22, 2011

Trade Plan - August 23, 2011


Short covering rally in the expiry week makes Nifty recover from 4830 levels to close at 4898. VWAP @ close is 4867.

1) Some more short covering and Nifty will go past 4940-4975 tomorrow. Support/Reversal level will be 4890.
2) Below 4890, Nifty will test 4830 once again and below this level 4770. Happy trading :) 

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