Monday, April 5, 2010

Indian Stock Market Outlook (Nifty) 06-April-2010

RECAP


Nifty triggered long as per weekly outlook and nearly achieved target 1 of long


Readers who went long in SBI as per what we had written yesterday are already up 25 points on closing


basis per lot.


NIFTY


For tomorrow's trading, strong resistance exists for nifty future at 5383.


Crossing and trading above 5390 with volumes will take nifty to 5410 and 5425.


5340 will be strong support region for tomorrow. Break and trade below 5330 could take nifty down to


5305.


Current Stock future swing trading Position : SBI Long @ 2118


NEXT : Chart Idea : SBI Long Swing trade


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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