Tuesday, February 16, 2010

Indian Stock Market Outlook 16-Feb-2010 (Nifty, Bank Nifty and Stocks)

NIFTY



Nifty will turn positive only if it is able trade above 4860 today.


Trading above 4860, nifty will move to 4906.


Otherwise it will correct shartply to 4780 and 4755.


If nifty future breaks 4745 and trades with volumes, it will crash to 4701.


BANK NIFTY


Trading above 8325, BNF will move to 8380 which is the most important resistance point for the day. If 8380 is not crossed with volumes, BNF will move to 8240, 8180, 8125.


On the other hand trading above 8430 with volumes, BNF will move to 8500.


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:

Anonymous said...

jerrytechnicals.blogspot.com; You saved my day again.

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