Tuesday, November 8, 2011

Trade Plan - November 9, 2011


Nifty opens on a flat note after the long weekend and trades range bound and the level of 5295 has become a resistance level intra day level. The support remains at 5265 level. VWAP @ close is 5304. Nifty closes at 5289.

1) View for tomorrow is to go long only above 5295 with reversal below 5265 levels. Targets will be 5345-5380.
2) Below 5265, support exists at 5200-5150 levels. Happy trading :) 

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