NIFTY
Nifty daily chart shows huge negative divergence on momentum indicators.
Tomorrow, a reversal from resistance area of 5350 will take nifty straight to 5320 and 5310.
Break and trade below 5303 with volumes will bring in good correction on nifty future and take it down to
5295, 5280 and 5265. Nifty outlook will change to bullish only if it is able to trade above 5368 with volumes.
Trading above 5368 with volumes will open up targets of 5380 and 5398.
ICICIBANK is looking weak for tomorrow's trading.
Reversal from 968 will take ICICI to 952 and 943 tomorrow.
First hour's trading high should be maintained as SL for the trade.
NEXT: MCX GOLD trading levels
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.
2 comments:
Hi Jerry,
I've watching your blog, excellent analysis, keep going.
Thanks & Best wishes
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