Wednesday, September 28, 2011

29/09/2011 Trading View

Nifty made a high of 5006 low of 4918 and closed at 4945 which is 25 points down from the previous close.

Nifty opened above 5000 level but could not sustain above that gradually came down.

Nifty's range comes with in 4905-5030 break on either side will take Nifty towards that side.

Break of 4905 can take Nifty to 4868 and break of 5030 can take towards 5110.
As today is FNO settlement more volatility will be there so trade with strict stop loss.


Buy AshokLeyland at 26.2 with stop loss of 25.5 for the target of 28

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