Monday, February 8, 2010

Weekly outlook for Indian Stock Market 8th Feb - 12th Feb Nifty

RECAP


Last we had written that braking 4800 nifty will nose dive to 4735 and 4690.


The low of nifty was 4687.


Nifty



This week nifty will be in trouble only on break of 4655.


If nifty future breaks and trades below 4655, it may fall upto 4590, 4530, 4465.


On the other hand, if nifty future trades above 4795, it will move to 4850 and 4880.


4920 will indicate that bulls are in total control and the simple euphoria will lift the market to


5020 and 5110


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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