Friday, April 9, 2010

Indian Stock Market Outlook (Nifty) 09-April-2010

NIFTY



Nifty future will have huge resistance at 5310 today.


Only if nifty future trades above 5335 with volumes, will it be positive in outlook and open up targets of 5350, 5375 and 5390.


Chart support exists at 5255. If nifty future breaks and trades below 5247 with volumes, bears will hammer it down to 5230, 5212 and 5195.


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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