Readers who went long at support of 5005 would have booked close to 65 points.
Readers who went short at resistance level of 5060 would have booked closed to 35 points.
BNF traders who went long at S1 level would have booked more than 100 points.
All in all, despite a choppy trading session, our readers would have made good money today.
(Yesterday's outlook : http://jerrytechnicals.blogspot.com/2009/12/indian-stock-market-today-16-december.html).
Nifty - Chart Take
Nifty took support exactly at the trend line chart we had presented yesterday.
For tomorrow, nifty will face huge resistance around today's high of 5072 - 5075.
Trading above 5075 with volumes , nifty will move to 5105, 5150.
On the downside, support exists at 5022. It is imperative that nifty future should not break 5004.
Breaking and trading below 5004 nifty future will knocked to 4970, 4925 and 4900.
Nifty - Options Watch
Most Active Puts
Most Active Calls
Trading the Bank Nifty
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.
1 comment:
Jerry,
Your levels and prediction on nifty in unmatchable. Thanks for sharing
Post a Comment