Thursday, July 9, 2009

Nifty Outlook 10-July-2009

Flashback


Nifty triggered short stoploss. LITL from short level crashed to 350. ABIRLANUVO from long level moved up in a straight line to 812. All in all readers of the blog would have had a good day at the dalal street.


Infosys Result


Consensus in media seems to be Infosys coming out with 10% to 13% hit in net profit.


As a result we could have a strong range expansion in nifty tomorrow.


Bull Level


Buy nifty crossing 4130 with stoploss at 4090 for targets 4215, 4265, 4320


Bear Level


Short nifty future around 4095 with stoploss at 4130 for targets 4005, 3950, 3900.


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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