Thursday, October 8, 2009

Nifty Outlook 08-October-2009

Bear Level


Short nifty future around 5032 with stoploss at 5065 for targets 4975, 4920, 4885.


Bull Level


Nifty future crossing 5065 buy on retracement to 5032 with stoploss at 5001 for targets 5090, 5117, 5155.


Note:


RIL has announced 1:1 bonus after 12 years which should better the sentiments for the stock after the recent treasury stock sale.


However the impact of this news on stocks other than RIL needs to be observed.


Hence there is no recommendation for any stock today.




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