Monday, July 6, 2009

Nifty Outlook 07-July-2009

Bull Level


Buy nifty future around 4055 with stoploss at 4020 for targets 4160, 4205, 4260


Bear Level


Short nifty future around 4260 with stoploss at 4295 for targets 4205, 4160, 4055


Special Note: Due to expected volatility, if one of the trades taken (either long or short), goes well, resist from doing the other trade.


DLF - Feed the bears


DLF has broken key support levels today.



For tomorrow trading, short DLF at 325 with stoploss at 337 for targets 288, 265, 235.


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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