Just as I had written in weekly outlook., nifty made an explosive move after crossing 5115 and attained the first weekly target of 5190.
Tomorrow nifty future will have tremendous support at 5178.
if 5178 support holds nifty future will move to 5228 and 5258 (again :-)) .
Trading above 5281 will pull in reluctant bulls and index will move to 5338.
Break below 5140 will invite selling and nifty future will correct to 5110 and 5080.
NEXT: THE POWER OF 5115
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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