Tuesday, August 24, 2010

Nifty outlook 25-Aug-2010

NIFTY FUTURE


Nifty future is suffering from expiry jitteries.


How will it unfold tomorrow? Let us examine in detail.


5544 will be strong resistance for nifty future tomorrow.


Inorder for nifty to be in strong zone, it has to cross 5557.


In such a case nifty will move to 5578 and 5600.


On the other hand, support will come in around 5475 tomorrow.


Breaking and trading below 5463, bears will bulls a run for their money


and nifty will correct to 5440 and 5420.


NEXT : UNITECH TRADING IDEA


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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