Owing to illness the blog could not be updated last week.
Sincere apologies to readers.
NIFTY
In the week ahead, 4905 would be huge resistance level for nifty.
Only if nifty trades above 4945 with volumes, it can move to higher targets of 4980, 5015 and 5050.
4805 would be huge support area for nifty next week. If it breaks and trades below 4790 with volumes,
nifty will move to 4755, 4717 and 4680 in the week ahead.
It is week which leads upto the budget. So one should be prepared to welcome the high volatilty which accompanies
any pre-budget week.
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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