For the upcoming week nifty future key supports are placed at 5198 and 5162.
Reversal from support levels will take nifty future to 5255 and 5275.
5275 and 5315 are key resistances for the week. Trading above 5315 with volumes, it will open targets of
5380 and 5395.
On the other hand, breaking and trading below suport level of 5162 with volumes, Index will be thrashed by bears to the extent of 5108.
Traders are also expecting RIL vs RNRL court case to be settled in the coming week.
This will have a definite impact on the way nifty moves in the coming 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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