Wednesday, December 2, 2009

Indian Stock Market Today 3 December 2009 (Nifty ,BankNifty and stocks) Outlook

RECAP


Readers who went long at long level would have booked 25- 30 poimts profit on


an insipid day for trading.


Nifty


Short Level


Short nifty future around 5135 with 5158 as stop loss for targets 5085, 5070, 5045.


Long Level


Breaking and trading above 5158 nifty future may move to 5180, 5200, 5230.


BHEL - Trading Pick



BHEL appears weak on charts. For tomorrow's trading 2235 is critical for BHEL.


If BHEL future is unable to trade above 2235 with volumes, it will move to 2182, 2150 and 2125.


2255 should be maintained as stop loss for this trade.


BANK NIFTY TRADING LEVELS



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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