Thursday, July 30, 2009

Nifty Outlook 31-July-2009

Flashback


Nifty, after a 1% gap down, moved up smartly, then traded at short level for most of the day before triggering stoploss towards close.


Bull Level


Buy nifty future at 4565 with stoploss at 4535 for targets 4600, 4620, 4660.


Bear Level


Short nifty future breaking 4535 with stoploss at 4565 for targets 4500, 4470, 4445.


Looking Good - LIC Housing Finance (LICHSGFIN)


LIC looks like it has found support as marked in chart.



For tomorrow trading buy LIC crossing 612 with stoploss at 600 for targets 624, 632, 644.


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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