Recap
Link to yesterday's post :
http://jerrytechnicals.blogspot.com/2010/01/indian-stock-market-outlook-11-jan-2010.html
Just like we had written, nifty reversed from 5290 and fell exactly to 5250.
Nifty
The bands have started expanding, which indicates that a big move is just around the corner.
Today is infosys result day and hence much will depend on how market choses to react to the result.
5245 - 5230 will act as strong support region. If this support is held, nifty will scale 5300 today.
On the other hand breaking and trading below 5210 means nifty will fall to 5120.
Most Active Calls
Most Active Puts
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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