Any reader of the blog who followed our weekly outlook would have booked 120 points in
nifty future short today. What a great day for traders !!!!
Nifty
Look at how the bands continue to attract nifty.
For tomorrow, Nifty outlook will change to positive only if nifty is able to trade above 5160 with volumes.
Inability to trade above 5160 with volumes will be taken advantage by bears and nifty wiill fall to 5050 and 5020.
5020 is trendline support area for nifty. If nifty takes support in that region it might even attempt a pullback to 5120.
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.
1 comment:
Hello Jerry,
any reason why u are n able to post the bank nifty emea levels. It was very helpful for us. If time permits can u post it once again
rgds
rahul goel
Post a Comment