Wednesday, July 1, 2009

Nifty Outlook 02-July-2009

Flashback


Readers who went long near the long level of nifty would have printed out the almighty dollar as nifty zooomed to third target of 4360 in a virtual ly straight line.


The adventurous trader who went short at 4360, the short level would have bagged home close to 60 points.


ABAN was set on fire at 850 and comfortably surpassed the second target given.


Bull Level


In the scenario of nifty future crossing 4367 buy at retracement level of 4350 with 4320 as stoploss for target 4390, 4415, 4440.


Bear Level


Short nifty around 4440 with stoploss at 4465 for targets 4410, 4370, 4340.


There are no stock recommendations for tomorrow.


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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