Tuesday, January 12, 2010

Indian Stock Market Outlook 13-Jan-2010 (Nifty, Bank Nifty and Stocks)

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Recap



The bands are weaving magic web around nifty. We closed below the second band from top # 5215.


The next support band is placed at 5150 and below that at 5085.


Nifty


For Nifty future to favour longs, it will have to cross and trade above today's high of 5285.


5245 will be area of resistance tomorrow. Breaking and trading below 5205, nifty future will be


hammered to 5182, 5160 and 5120.


Nifty Option Watch


Top Traded Puts



Top Traded Calls



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.

2 comments:

Anirudh said...

Your blog is just too good.
And now with your bands, we are joining in the magic :-)

Anonymous said...

Thanks an eye to sharing information. I’ve written and shared my thoughts about this on my blog.

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