Intraday Technical Analysis with Nifty Technical Chart and Trading Stretegy / Stock Tips for 24 Nov 2009 www.StockInspection.com
Posted by Indrodeep Banerjee on November 23, 2009
Total Views - 1830
On Monday markets opened on a positive note with boost in oil and gas sector on strong buying support from the investors and traders.
Markets witnessed strong buying across all the sectors. Strong European markets further added to the positive investor sentiments which helped the markets to close near the days high.
Markets finally managed to close on a strong note high above 5DMA with RSI above 68 indicating room for further highs in the coming days.
Nifty finally closed at 5103.55
gaining 51 points or 1.01 %
Trading Strategy for 24 Nov, 2009
Intraday Support for the market shall be 5068 & 5024.
While the market will experience resistance at 5153 & 5197.
Best Strategy shall be to:-
Buy above 5127 with Stop Loss of 5079
Sell below 5079 with Stop Loss of 5127.
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