NIFTY
Nifty moved pretty much inline with expectations
Link to last week's outlook: http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-for-indian-stock-market_20.html
NIFTY
Nifty has entered into a positive territory. Only breaking and trading below 4835 will make nifty outlook as negative.
In the scenario of nifty future breaking and trading below 4835, it will move to 4796 and 4754.
4885 should be strong support for nifty in the coming week from where it should attempt to scale 4965 and 4992.
Breaking and trading above 5015 with volumes will take nifty to 5055, 5095 and 5150 very easily.
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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