Nifty Futures Support and Resistance Levels – January 25, 2011

The support and resistance levels are the same as yesterday. It is listed over here.

Initially, I shorted at 5761.70 with a stop loss of 5781.25. The target was 5703.15. Soon after the RBI’s repo announcement, the market became highly volatile. My stop loss was triggered. I re-entered at the same price with a revised target of 5722.70. Target achieved in no time 🙂


About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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