RECAP
Nifty crossed 4915, achieved first target of 4930, made a reversal bar and fell all the way to first target of short
at 4830.
Readers who went long in sunpharma yesterday would have made a handsome profit as sunpharma rocked to 1490 today.
All in all yet another month of great profit for readers of jerry technicals.
NIFTY
Crucial resistance band for nifty has shifted to 4885 - 4900.
Trading above 4915 with volumes, nifty will move to 4955, 4970, 4992 tommorow.
4830 is crucial support region for nifty.
However trading below 4805 is detrimental for nifty future will move to 4775, 4750, 4725.
There are no stock recommendations for tomorrow.
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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