Last week nifty traded as per our expectations.
Readers can access that article here. The article predicts and explosive move in nifty, which
is just what happened last week.
For the coming week, nifty is placed at a very interesting juncture.
The market balance point for nifty future is placed at 6265 next week.
Supports come in at 6225 and 6180.
Trading below 6175 will introduce correction in nifty and it will correct to 6125 and 6100.
Break of 6095 will put the whole upmove at risk and nifty will move down to
6050 and 6005.
Resistances for the next week are placed at 6346 and 6380.
6405 is the BO level above which, nifty will move to 6451 and 6490.
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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