Monday, June 29, 2009

Nifty Outlook 30-June-2009

Flashback


Readers who went short in nifty at opening near the shortlevel would have booked closed to 50 points profits before nifty reversed direction.


Bear Level


Short nifty future around 4425 with stoploss at 4455 for targets 4375, 4340, 4300


Bull Level


In the scenario of nifty future crossing 4455 buy at retracement level of 4425 with stoploss at 4390 for targets 4465, 4485, 4505


Feed the bears -ACC



ACC has made reversal from a high resistance zone.


For tuesday trading, short ACC around 810 with stoploss at 823 for targets 790, 771, 755.


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.

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