Tuesday, June 30, 2009

Nifty Outlook 01-July-2009

Flashback


Readers who went short near bear level would have printed out the almighty dollar as nifty crashed to achieve all targets on the downside.


Although ACC crashed to the targets given, readers may not have been able to take advantage of it as it came nowhere near short level of 810.


Bull Level


Nifty is near key fibonacci support level of 4235 .


In case of gap down buy nifty at 4228 with stoploss at 4190 for targets 4301, 4330, 4360


Bear Level


In case of flat opening short nifty future around 4360 with stoploss at 4385 for targets 4301, 4270, 4230.


ABAN - Will the support , support ABAN



ABAN has strong support at 850 and tomorrow this support might get tested in a gap down scenario.


For wednesday trading, buy ABAN at 850 with 833 as stoploss for targets 874, 900, 930.


Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

2 comments:

vishal said...

Jerry Sir,

I have been following your calls daily - great work sir.

Let me know if you provide calls during market hours...

Kindly send me details of service on vishalnarmada@gmail.com

I am also available on yahoo messenger id - Please add me if possible.

ID : vishalsarwad@yahoo.com

Want to avail your full time service incase you do it professionally.

Regards,
Vishal

Jerry Technicals said...

Vishal,
Thanks for the comment and your appreciation.

It is an honor that you asked for professional call service, but i do not provide the same.

--Jerry

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