Thursday, February 23, 2012

Trade Plan - February 24, 2012


Nifty expires at highest level in six months at 5483 in February series. A 5-wave decline has happened over the past two days and a rise to the mean level of 5535. Reversal is above 5555 only. Below 5500, Nifty is weak and could test 5400-5330.
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