Nifty Outlook 08-September-2009

Flashback

Readers of the blog would have printed out the almighty dollar in nifty future long as it moved to 4805 just 15 points shy of target 3.

Bull Level

Buy nifty future around 4770 with stoploss at 4750 for targets 4805, 4840, 4865, 4890.

Bear Level

Short nifty future breaking 4750 with stoploss at 4780 for targets 4695, 4670, 4640.

SBI - Looking ominous for bears

For tuesday trading buy SBI around 1810 with stoploss at 1790 for targets 1840, 1860, 1895.

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.