Tuesday, October 27, 2009

Nifty Outlook 27-October-2009

Flashback




Readers would have minted the almighty dollar in nifty short sell trade as nifty fell down to 2nd target of short not once but twice. ICICI bank also broke short level and gave a 1% move.




Bear Level




Short nifty future at 4990 with stop loss at 5010 for targets 4945, 4920, 4875, 4825




Bull Level




Buy nifty future at 4820 with stoploss at 4795 for targets 4865, 4895.




Bear Pick - Sultan of Stocks







RIL future breaking 2007 short on retracment to 2025 with stoploss at 2040 for targets 1990, 1970, 1945.




Key Trading Levels - BNF











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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1 comment:

Mansukh. M said...

Hi jerry, now that we have had a BIG red candle...can we call it an end to the uptrend from March?? would it be wise to exit out of the NIFTYBEES? I am holding a final 20%!!! and at what point can we reinvest?

Regards,
Mansukh.

World Markets (delayed)