Sunday, August 22, 2010

Indian Stock Market Weekly Outlook

Nifty Future Weekly Outlook



Nifty future has closed above weekly pivot level of 5502.


Supports for nifty future are at 5495, 5456 and 5429.


Trade below 5401 will be open invite for bears to smash nifty to 5365, 5315 and 5300.


On the other hand 5535 will be resistance for nifty future.


5547 is breakout for nifty future and nifty will move to 5585, 5600 and 5635.


Given that the week ahead is settlement week, it will be really interesting to see how


nifty pans out.


As usual we will be tracking the curves and lines of nifty on a daily basis here.


Do comeback and track us.


NEXT: Initiating coverage


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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