Indian Stock Market Weekly Outlook

NIFTY FUTURE WEEKLY OUTLOOK


Last week, just like what was written in this column, nifty future moved to 6245 and gave up 


all the gains and fell to the support of 6100. Readers who missed last week's column can access it 

here.


As per Fibonacci time zones, next week could be a very interesting week. See the chart below,

It is very clear from the above chart that whenever nifty enters the time zone, volatility increases. 


For the coming week, nifty future pivot is placed at 6138.


Resistance is at 6185.  Trading above 6207 will restore bullishness in nifty and it will move to 


6245, 6280 and 6300.


Support level for nifty future is placed at 6105. Break and trade below 6090 will invite bears to 


have a good week and they will thrash nifty to 6050,  6015 and 5970.




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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