Monday, October 12, 2009

Nifty Outlook 12-October-2009

Flashback


Nifty triggered 4972, retraced to 4997 and fell to 4930 on friday, enabling readers to have a perfect trade.


Bear Level


Short nifty future around 4982 with stop loss at 5010 for targets 4930, 4905, 4850, 4800.


Bull Level


Nifty future crossing 5010 buy on retracement to 4970 with stop loss at 4930 for targets 5020, 5035, 5055.


ABAN- Classical Sell Signal on Charts



ABAN has made a classical sell pattern on charts.


For monday trading short sell aban future around 1632 with stop loss at 1648 for targets 1580, 1545, 1509.


BANK NIFTY FUTURE SUPPORT AND RESISTANCE LEVELS FOR MONDAY



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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2 comments:

Rahul said...

Hello jeryy, I would like to know how should I trade your bank nifty levels.Please do guide us for the trade how it should be done and if done hw should I keep the stoploss

Jerry Technicals said...

Rahul,
Thanks for the question. Do see the article on how to trade pivots. Should make it very clear.

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