Tuesday, February 7, 2012

Trade Plan - February 8, 2012


Nifty does another gap up to a new high in more than 3 months at 5412 and then takes support @ 5325. VWAP @ close is 5378. Nifty closes at 5335.

1) Views remain same as yesterday for longs above 5380 only for targets of 5415-5450-5490. Nifty closing above 5450 sets Nifty for another 100 points rise to 5550 levels.
2) Support level of 5310 break will likely take Nifty to next best support levels of 5280-5240. Happy trading :) 

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