Intraday Technical Analysis with Nifty Chart and Trading Stretegy / Stock Tips for 25 Feb 2010 www.StockInspection.com
Posted by Indrodeep Banerjee on February 24, 2010
Total Views - 487
The previous market session closed on a weak note after a negative opening, after opening markets slipped deep into the reds and hovered over red and green within an extremely volatile trading session with resistance at 20 DMA level of 4883 as calculated by us earlier to this session.
It closed marginally below the 5 DMA and below 20 DMA levels and RSI around 55 indicating that the market is looking directionless within extremely volatile trading and 20 DMA is once again emerging as resistance for the markets in short run unless it gets broken with high volume.
Nifty finally closed at 4858.60
loosing 11 points or 0.24 %
Trading Strategy for 25 Feb, 2010
Intraday Support for the market shall be 4818 & 4778 .
While the market will experience resistance at 4896 & 4933.
Best Strategy shall be to:-
Buy above 4883 with Stop Loss of 4836
Sell below 4836 with Stop Loss of 4883
.
Recommended Reading:-
Publisher: Sagar Publications, New Delhi.
Author: Indrodeep Banerjee, Astrologer & Stock Market Consultant
Ph: 09415681544, 09455248927 email: admin@TradingFunda.com
ISBN No: 81-7082-099-5 Pages 220
Price: Rs.175/-
By Courier: Rs.175/- + 75/- = Rs.250/-
To get your copy couriered immediately send
D.D. of Rs.250/- in favour of
INDRODEEP BANERJEE payable at Lucknow.
(Payment will be accepted only through D.D./
Bank Draft or Payable At Par Cheaques).
Send your payments to :–
Address: B-2045, Indira Nagar, Lucknow- 226016, U.P.
Available at all Leading Book Stores Across India & Worldwide
Available Online at :-
Vedic Books, Canada USA Australia South Africa
Amazing Indian Book, New Delhi
