Monday, 17 October 2011

Post Market Update

Nifty faced resistance at the channel line which is plugged at 5161. Opened here and traded lower.

According to the weekly levels posted it was a sell below 5133 for a target of 5178.

As per the daily charts posted it was written to short below 5117 and go long above 5135.

Shorting below 5117 target given was 5085. Nifty made a low of 5184.85


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Nifty Future Swing Trading-

 Long trade taken at 22254 now stop and reverse at 22951. Entry to be taken at 1 hour candle closing below 22951. Happy trading JT