Wednesday, September 30, 2009

Nifty Outlook 30-September-2009

Flashback


Readers of the blog would have made good money yesterday as both nifty and relinfra fell to first target of short level.


Bull Level


In the scenario of nifty future crossing 5037 buy on retracement to 5020 with stop loss at 5000 for targets 5065, 5095, 5115.


Bear Level


Short nifty future at 5020 with stop loss at 5037 for targets 4985, 4965, 4935.


Bear Pick - ABAN



Short ABAN future around 1575 with stoploss at 1596 for targets 1540, 1525, 1505.


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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