Readers who went long in bhel and short in infosys on monday would have made a lot of money as BHEL
moved up and infosys fell like nine pins just like we had written in
http://jerrytechnicals.blogspot.com/2010/01/interesting-stocks-for-next-week-25th.html
Nifty
With RBI meeting round the corner, markets are expected to exhibit nervousness in the coming days.
For tomorrow's trading two levels are critical for nifty future as per fibonacci extension.
On the upside 5035 and on the downside 5000.
Crossing and trading above 5035 with volumes, nifty future will move to 5050, 5075 and 5096.
On the other hand if nifty crosses 5035 and then breaks 5000 , bears will hammer it down to
the extent of 4970 and 4940. Trading below 4940 can even take the index to 4882.
SUNPHARMA
SUNPHARMA looks good for a swing long trade.
1425 is the buying area and stop should be below 1400.
Target would be 50% retracement of the recent fall at 1530.
Weekly Outlook
Link to Weekly Analsyis of Indian Stock Market:
http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market_24.html
Link to Weekly Analysis of Gold Future:
http://jerrytechnicals.blogspot.com/2010/01/gold-views-mcx-india-25th-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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