NIFTY WEEKLY OUTLOOK
Nifty has closed below weekly pivot level of 5400.
First support for nifty will come in at 5360 area.
Following are the support pivot levels for nifty for the coming week.
S2 : 5333
S3: 5312
S4: 5292
S5: 5258
Looking on the otherside, if nifty trades above the pivot level of 5400, it will move to 5440.
5467, 5487 and 5508 are further targets for nifty if the momentum favours bulls.
As usual we will be tracking nifty everyday here with our daily trading plan.
Next: Trading technique for rangebound days
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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