Monday, October 17, 2011

Trade Plan - October 18, 2011


Gap up opening and a day of consolidation around 5110 levels. VWAP @ close is 5118. Nifty closes @ 5117.

1) The trend will be bullish above 5135 only for targets of 5175-5240. Reversal level remains below 5110 only.
2) Below 5110, level of 5080 tested today and below this level 5045 is next major support. Happy trading :)

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