Tuesday, August 11, 2009

Nifty outlook 12-August-2009

Flashback


Readers would have booked a loss today in nifty short as nifty triggered the stoploss before nose diving.


Tomorrow is a key fibonacci time zone confluence date for uptrend.


Bull Level


Buy nifty future at 4416 with stoploss at 4380 for targets 4460, 4500, 4535, 4560, 4590.


As i am die hard follower of fibonacci time zones, there is NO bear level for tomorrow.


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.

4 comments:

Gagandeep Singh said...

Jerry, your turn date rocked . Great analysis.

Nithya said...

I came to know about confluence zones from your blog and wanted to thank you for pointing out such a pivotal tool. I will be using it more often now, given the sucess it has shown, hats off!

Jerry Technicals said...

Dear Gagan,
Thank you for your comment.

Jerry

Jerry Technicals said...

Dear Nithya,
Great decision to explore more on confluence zones. All the very best to you.

Jerry

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