Wednesday, October 7, 2009

Nifty Outlook 07-October-2009

Flashback


Although nifty crashed to all the targets given only readers who took extra risk of 12 points would have made money


with yesterday's level.


Bull Level


Buy nifty future at 5000 with stoploss at 4965 for targets 5050, 5085, 5117.


Bear Level


Short nifty future at 5117 with stoploss at 5140 for targets 5020, 5005, 4980.


Tearing away resistances - JSW Steel



For today's trade, buy JSW Steel future at 855 with stop loss at 841 for targets 885, 899, 932.


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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