Thursday, August 6, 2009

Nifty Outlook 07-August-2009

Bear Level


Short nifty future around 4645 with 4670 as stoploss for targets 4590, 4555, 4510, 4490.


Bull Level


In the scenario of nifty future crossing 4690 buy at retracement to 4670 with 4640 as stoploss for targets 4710, 4740, 4775.


Bear Pick - Renuka Sugars



Renuka appears to have made a short term top on charts. For tomorrow trading short renuka at retracement to


184 with stoploss at 191 for targets 173, 168, 165


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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