Wednesday, September 21, 2011

Trade Plan - September 22, 2011


Nifty trades above support level of 5110 and closes at 5133 after testing high of 5168 just below recent high level of 5170. VWAP @ close is 5141.

1) Nifty will be strong above 5150 only for targets of 5190-5230.
2) Reversal level will be 5110 again for tomorrow. Below which Nifty can fall to 5075-5000 levels. Happy trading :)

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