Monday, November 16, 2009

Stock Market Today 17 November 2009 Index and stock picks

Flashback


It was a insipid day for trading as both nifty index and stocks were stuck in a narrow trading range.


Bank nifty on the other hand, offered a beautiful long trade from R1 to R3 level.


Nifty Trading Levels


Tomorrow could be yet another tricky day for trading. Hence there are no trading recommendations for


tomorrow.


Key resistance for tomorrow is at 5095. Crossing this level with volumes, nifty can move up to 5115 and 5133.


However unable to trade above 5095 means index can correct to 5055 and 5020.


Bank Nifty Trading Levels



Note on Axis Bank : 987 remains as Stop Loss for Axis


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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