RECAP
As we had writen , nifty retraced exactly to 5090 and moved up 50 rupees, a beautiful trade considering
the general lack of action in stocks today. TATAMOTORS did not retrace to buy level.
Nifty
5138 will be key level for nifty future tomorrow. If nifty trades above this level with volumes, it can move to
5185, 5215 and 5270. 5105 should be the stop loss in such a scenario.
If nifty trades below 5105 with volumes, it can move to 5080, 5045 and 5000. 5138 should be stop loss
in such a scenario.
Stock Watch
The levels published yesterday for TATAMOTORS will remain valid for tomorrow also.
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.
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