RECAP
As expected nifty traded in a narrow range and moved from our support level to our resistance level.
LT fell to first target of short @ 1601 before trend reversal.
NIFTY
Finally nifty conquered the golden level of 5258.
The same 5258 will act as strong support for nifty tomorrow, while it moves to higher targets of 5295, 5320 and 5340.
Nifty future will be weak only below 5220.
LT
LT made a beautiful move today.
Tomorrow 1630 is support region for LT.
If 1630 is held with volumes, LT will shoot up to 1680 and 1703 tomorrow.
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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