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Tuesday, 10 September 2013

Nifty outlook and stocks to trade on Sep 10

Readers

Nifty is likely to be positive today with resistances at 5725 and 5780. Move above 5780 will take the market to highly bullish mode with a target of 5825. Support is placed at 5640 below which market will be negative.

Intraday calls for Sep 10


Please take positions only after 9:30 AM. Please do not enter into any fresh trades after 3:00 PM.

Please do not trade blindly on these levels. A buy position should be supported by charts giving positive signals. A sell position should be supported by charts giving negative signals. Please see real trades in earlier posts to understand how an intraday long or short is created.


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Any significant news which affects individual stocks or overall market direction will invalidate the technical analysis behind the above views. In such a situation use real time charts to trade.


All the views and contents mentioned in this blog are the personal observations of the author and is in no way a recommendation for the readers to enter into trades of stocks/futures. The author do not accept any liability/loss resulting from the use of any content from this blog. Any act of trading performed by readers should be at their own discretion and neither the author or the sources mentioned in the blog will be responsible for the outcome.

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