Nifty Weekly Analysis :
http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.html
NIFTY
Readers who shorted nifty future at resistance level of 4905 would have made good money today.
Levels to watchout tommorrow
4835 will be strong support for nifty tomorrow.
If 4835 is held, nifty will move to 4875, 4888.
If nifty trades above 4898 with volumes, it can even move to 4925 and 4945.
However if nifty breaks and trades below 4822 with volumes, it will fall to 4805, 4792 and 4769.
BANK NIFTY
8525 will be area of resistance for Bank Nifty.
If BNF is unable to trade above 8525, it will crash to 8430, 8400 and 8350.
If BNF trades above 8525 with volumes it will move to 8575 and 8620.
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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