RECAP
Readers who followed our weekly article, would have made great money as nifty rallied from our entry point.
Those who missed that article can read it here
NIFTY
Any guesses as to what the weekly support level is next week?
Yes you guessed it right. It is our 5258 again.
Nifty will be weak only below 5220 next week. Breaking and trading below 5220 will take nifty to 5195.
If 5179 is broken with volumes, nifty will easily correct to 5125, 5057.
On the other hand, over head resistance is placed at 5340 and 5355. Trading above the second resistance level with volumes
will take nifty to 5390, 5415 and even 5450 next 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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