Wednesday, July 15, 2009

Nifty Outlook 16-July-2009

Flashback


Readers who went long in herohonda and short in hdfcbank would printed out the almight dollar.


Nifty future triggered stoploss though, thereby spoiling an otherwise perfect day.


Bear Level


In case of gap up, short nifty future at 4291 with stoploss at 4321 for targets 4240, 4205, 4165.


Bull Level


In case of flat or gap down opening buy nifty future on retracement to 4205 with stoploss at 4175 for targets 4250, 4290, 4315.


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:

Anonymous said...

Sir your reading of Nifty is just perfect. Thanks for the gr8 trading levels.

Jerry Technicals said...

Thanks for appreciation A :-)

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