Monday, July 27, 2009

Nifty Outlook 28-July-2009

<Updated at 10.55 PM>


Flashback


Today's low Nifty in nifty future was our buy level. Readers would have printed out the almighty dollar as nifty moved up by nearly 75 rs from buy level.


Bull Level


Buy nifty future at 4425 with stoploss at 4400 for targets 4465, 4485, 4500


Bear Level


Short nifty future around 4620 with stoploss at 4645 for targets 4575, 4535, 4485, 4425.


Incase 4645 is triggered, readers may go long with the objective of covering the loss.


Sultan of Stocks - Special update


weekly levels - here.


Readers would like to note that Sultan has closed below critical level of 1950 albeit by 9 points. So inorder to sustain the bearish mode, RIL should not


close above today's high of 1966. In case RIL closes above 1966 , readers may take positional long at retracement to 1950 with stoploss at 1900 for targets 2055 and 2125, 2200.


Otherwise, our weekly target of 1805 remains intact in RIL.


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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