Wednesday, August 19, 2009

Nifty Outlook 20-August-2009

Flashback


Nifty triggered short level and crashed to almost last target given.


As usual readers would have printed out the almighty dollar.


Bull Level


In case of flat opening buy nifty around 4355 with stoploss at 4325 for targets 4390, 4410, 4455.


Bear Level




1) Short nifty at 4460 with 4495 as stoploss for targets 4410, 4390, 4330.


2 ) In the scenario of nifty future breaking 4325, short on retracement to 4355 with stoploss at 4390 for targets 4295, 4250, 4230.


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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