Nifty
Nifty has closed in the weak zone. From here 5245 is a major area of resistance for nifty.
If nifty is unable to trade above 5245 with volumes nifty will fall to 5185, 5155 and 5140 tomorrow.
Mean while Gold has pulled back to resistance level as we had written in weekly outlook.
Weekly outlook: http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market.html
Weekly Gold Outlook : http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-18th-jan-2010-till.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.
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