Indian Stock Market Outlook 04-March-2010 (Nifty, Bank Nifty and Stocks)

RECAP

Readers who went long in BNF and NF as written yesterday, would have booked nice profits in intraday trading
Readers who traded with our gold levels would have made huge amount of money as Gold achieved the third target
of 17095 in just two days.


NIFTY - Important levels for tomorrow's trading

Nifty will have strong support at 5065 tommorow.

If 5065 is held nifty future will move to 5106.

Breaking and trading above 5117 will take nifty future to 5130, 5145, 5160.

However break below 5045 will make nifty weak and it will correct to 5030, 5017 and 5000.


Link to MCX gold weekly analysis : http://jerrytechnicals.blogspot.com/2010/02/weekly-outlook-gold-mcx-01-march-to-06.html

Link to indian stock market weekly analysis : http://jerrytechnicals.blogspot.com/2010/02/week-after-budget-how-to-trade-nifty.html

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.