Monday, November 16, 2009

Stock market today 16-November-2009 - Nifty and indian stocks outlook

Nifty Future


Short Level


Short sell nifty future at 5041 with stop loss at 5065 for targets 5010, 4985, 4960.


Long Level


Buy nifty future at 4960 with stoploss at 4940 for targets 5010, 5040, 5080.


Bull Pick - Axis Bank


Axis bank looks bullish on chart. Go long in axis bank future around 995 with a stop loss of 987 for targets


1030, 1050, 1060.


Trading Levels for Bank Nifty Future



Link to weekly analysis of gold, silver and crude oil :


http://jerrytechnicals.blogspot.com/2009/11/commodities-this-week-gold-silver-crude.html


Link to analyis of dow jones index


http://jerrytechnicals.blogspot.com/2009/11/technical-analysis-dow-jones-djia.html


My near term view on nifty


http://jerrytechnicals.blogspot.com/2009/11/nifty-technical-analysis.html


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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