Monday, January 11, 2010

Indian Stock Market Outlook 11-Jan-2010 (Nifty, Bank Nifty and Stocks)

Nifty



Nifty future will have strong reistance at 5260 and 5290 today.


Only if nifty future is able to trade above 5290 with volumes will it move to 5315 and 5340 today.


If nifty future reverses from any of the resistance level, it will fall to support levels of 5250 and 5235.


5225 is critical support level which nifty should not break and trade with volumes.


In case 5225 is broken with volumes, nifty future will move to 5190 and 5170.


Nifty - Option Watch


Most traded puts



Most Traded calls



Link to weekly outlook: http://jerrytechnicals.blogspot.com/2010/01/nifty-weekly-outlook-11-january-till-15.html


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.

No comments:

World Markets (delayed)