Sunday, April 11, 2010

BANKNifty - Indian Stock Market Weekly Outlook 12 April 2010 till 16 April 2010

BNF


Readers who bought BNF according to our article last week would have booked humungous profits.


(link)


BANK NIFTY



This week 9810 will be critical level for BNF. Crossing and trading 9810 with volumes BNF can move to 9881, 9955, 10025.


On the other hand reversal from near 9810 will mean huge BNF straightaway moving down to supports of 9700 and 9628.


Breaking and trading below 9580 would terminate the recent upmove in BNF and it will correct to 9500, 9450 and 9400 in the


coming week.


NEXT: Nifty Weekly Outlook


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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