Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 14 Jan 2010 www.StockInspection.com
Posted by Indrodeep Banerjee on January 13, 2010
Total Views - 535
On 13th markets closed on a strong note after the gap down opening amidst a volatile trading session. Market took the support exactly at our calculated support level of 5168
It closed at the 5 DMA and above 20 DMA levels and RSI around 60 indicating that the market is looking volatile at the current levels, and trying to find the support to start for the positive momentum towards 5300 in the coming days.
Nifty finally closed at 5233.95
gaining 24 points or 0.45 %
Trading Strategy for 14 Jan, 2010
Intraday Support for the market shall be 5192 & 5154.
While the market will experience resistance at 5288 & 5326.
Best Strategy shall be to:-
Buy above 5254 with Stop Loss of 5208
Sell below 5208 with Stop Loss of 5254
.
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