Link to last week's outlook :
http://jerrytechnicals.blogspot.com/2009/12/nifty-weekly-outlook.html
Nifty pretty much traded within the range as mentioned in last week's outlook.
In the week ahead 5155 will determine nifty's fortunes. Trading above 5155 with volumes
nifty future can move to 5208, 5240 and 5309.
For the coming week, last week's low of 5051 will act as strong support. IF 5051 is broken
with volumes, nifty future can move to 4998, 4950 and 4900.
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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