Nifty
Last week nifty panned out exactly like what we had written.
http://jerrytechnicals.blogspot.com/2010/01/weekly-outlook-for-indian-stock-market.html
4920 will be level to watch on downside next week. If 4920 is held nifty will attempt a pullback to 5115.
Trading above 5115 with volumes, the extenstion targets are 5160, 5260 and 5340.
On the otherhand, failure to hold 4920 would mean nifty will correct to the first target of 4828 which is strong support
region. Trading below 4828 with volumes will open up down side targets of 4735, 4650 and 4575.
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:
fantastic analysis
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