Sunday, August 8, 2010

Weekly outlook Indian stock market

NIFTY FUTURE WEEKLY CHART



Nifty closed exactly at the continous moving pivot CMT level of 5442.


For the coming week, resistance is placed at 5475 - 5490 levels.


Trading above 5497 with volumes will take nifty future to 5540 and 5560 this week.


5400 - 5410 is the support region for nifty future.


Break and trade below 5390 will invite trouble for bulls and index will correct oto


5355, 5330 and 5300 this week.


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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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