Saturday, May 8, 2010

Indian Stock Market Weekly outlook

NIFTY FUTURE



For the upcoming week nifty future will have significant resistance at 5055 and 5090.


Trading above 5115 (again :-)) with volumes will take nifty future to 5190 and 5258 (again :-)) .


On the downside, support for nifty future is very far at 4920 and 4880.


Trading below 4847 will mean disaster and nifty could easily drop to 4780, 4715, 4650.


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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