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  • Daily Report: May 11 2011

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    Abhishek Prashant Pandey
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    The daily report from May 11, 2011 discusses the Nifty index, which is in a consolidation phase around its lower support line. The author advises avoiding holding positions in Nifty for the week and focusing on day trading instead, as no sudden upward moves are expected. Key US economic data and the general market description are noted as items to watch.

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    Y Bhardwaj, Nifty, Analysis,

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    The daily report from May 11, 2011 discusses the Nifty index, which is in a consolidation phase around its lower support line. The author advises avoiding holding positions in Nifty for the week and focusing on day trading instead, as no sudden upward moves are expected. Key US economic data and the general market description are noted as items to watch.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    21 views2 pages

    Daily Report: May 11 2011

    Uploaded by

    Abhishek Prashant Pandey
    The daily report from May 11, 2011 discusses the Nifty index, which is in a consolidation phase around its lower support line. The author advises avoiding holding positions in Nifty for the week and focusing on day trading instead, as no sudden upward moves are expected. Key US economic data and the general market description are noted as items to watch.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Author: Y.

    Bhardwaj

    Date: May 11, 2011

    Daily Report: May 11 2011

    Explanation as per graph Nifty still moving around the lower line.. Things/Events to watch Just watch US data

    Gen Market description Nifty is in consolidation phase.

    Note: The above analysis is basically done for NIFTY traders.


    Page 1

    Author: Y. Bhardwaj My Opinion /Advice I do not see any sudden upward move in this week. Avoid making any holding positions in Nifty. I think rest of the week is for day traders.

    Date: May 11, 2011

    Note: The above analysis is basically done for NIFTY traders.


    Page 2

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