Wednesday, October 21, 2009

Nifty outlook 22-October-2009



Flashback




The levels provided yesterday would have kept the reader away from any trade in nifty in a choppy session.




However those who went short in BNF using the levels provided would have printed out the almighty dollar.






D Day






Tomorrow could be a key deciding day for NSE and BSE as far as the upmove from march lows are concerned.




Expect a range expansion tomorrow and a large red candle will mean end of upmove. In such a case, readers who are holding


nifty bees as per my recommendation should exit totally from the position.






Bear Level






Short nifty future around 5095 with stoploss at 5110 for targets 5055, 5025, 4995, 4980.




Bull Level




There is no bull level for tomorrow.






Bear Pick - ICICIBANK







ICICIBANK future breaking 921 short on retracement to 926 with 931 as stoploss for targets 914, 900, .885.






BNF - Key trading levels













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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4 comments:

Technicals said...

Sir can u pls explain how we know the BNF levels

Technicals said...

Sir I mean Nifty Future support & resistance levels.....

Technicals said...

Sir Today Also Rocked your BNF levels...Sir Kindly post here just For Reference Nifty Support & resistance Levels

Technicals said...

Sir We are waiting For your trading levels for today............

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