Monday, November 14, 2011

Trade Plan - November 15, 2011


Nifty closes below support level of 5150. VWAP @ close is 5200. Nifty closes at 5148.

1) In spite of gap up opening Nifty goes down after failing to sustain above 5210 spot price and closes below support level of 5150 today. Reversal level will remain 5210 on spot price.
2) Below 5150, likely support levels 5110-5090-5070-5020. Happy trading :)

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