Stock Market Today 25 November 2009, Nifty Outlook and Sterlite trading idea

RECAP

Nifty made low spot on at 5050 which coincidentally happened to be our buy level.

Readers would have minted the almighty dollar as it rocketed to first target.

Although HDIL broke 336, it did not retrace to our short level.

It is important to note here, as many readers might have observed, how nifty is panicking near our

weekly pivot level of 5090.

Nifty

Short Level

Nifty future breaking 5070 short with stop loss at 5095 for targets 5035, 5007, 4985.

Long Level

Trading above 5095 with volumes nifty future can move to 5120 and 5135.

Sterlite Industries (STER)

Sterlite is looking weak on charts. 865 will be critical level for STER tomorrow.

If sterlite is unable to trade above 865 with volumes, it becomes a short with stop loss at 872

for targets 841, 827, 816.

There are no trading levels for BNF tomorrow.

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.