Wednesday, March 17, 2010

Indian Stock Market Outlook (Nifty and Bank Nifty) 18-March-2010

NIFTY


5258 remains the key level for nifty future for tomorrow.


If nifty trades above 5258 with volumes, it will move to high resistance area of 5307.


Trading below 5240 will make nifty week and induce correction to 5219 and 5205.


Only a break and trade below 5200 with volumes will drift nifty into the negative region


and move it down to 5165.


TATAMOTORS



Tata Motors chart looks very promising for tommorrow.


Tata Motors could be bought at 765 with stop loss below 752 for targets 785, 797.20 and 807


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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