Wednesday, January 4, 2012

Trade Plan - January 5, 2012

Nifty finds support at 4728 and trades range bound for the entire day without crossing the important 4790 level on spot prices. VWAP @ close is 4764. Nifty closes flat @ 4750.

1) Views remain same as yesterday for long above 4790 for target of 4850-4925-4980.
2) Below 4725, Nifty will become weak once again for downside momentum towards 4680-4640. Happy trading :)

NB: Due to internet connectivity problems, no intra day chart attached.




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