Wednesday, October 19, 2011

Trade Plan - October 20, 2011


Nifty closes @ 5139 levels after opening gap up above 5-EMA/SMA levels to gain momentum above 5110 in the last one hour above 5110 levels. VWAP @ close is 5120.

1) Intra day longs only above 5150 for targets of 5180-5195 where there will be stiff resistance as it will as pressure of October series expiry and rollover  to November series starts developing too.
2) Below 5110, the levels will be 5070-5030. Happy trading :)

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