Stock Market Today 26-November-2009 Nifty Outlook, Expiry

RECAP

Readers would have made reasonable money in nifty future long as it moved to
second target of long. As expected it traded in a narrow range yesterday. But
our long level captured all but 15 points of the narrow range. On the other hand STER,
traded mostly above 865, thereby ruling out the short trade. Readers who went short in HDIL
based on the levels given would have minted the almighty dollar as it fell from 339.50(340 was
the short level) to 316 in a straight line. More than 17,0000 rupees on a single lot.

Nifty

Long Level

Buy nifty future at 5098 with stop loss at 5080 for targets 5125, 5150, 5180.

Short Level

Trading below 5080 with volumes nifty may move to 5028 and 5000.

There are no Bank Nifty Levels.
There are no stock recommendations, being expiry day.


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.