Monday, September 19, 2011

Nifty Plan for the Day - 19 September,2011

Watch out for these retracement levels
  1. 38.2% - 5110
  2. 50%    - 5230
  3. 61.8% - 5350
  4. 100% - 5738
Nifty has been laboring to stay above 5110, but all the candlesticks have been not confident bull candlsticks.... So lets see if today it can close above 38.2% retracement. Moreover we have news filled two days due to Fed meet and a turn date at our hand. So we will wait till tuesday to take on new positions.

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