NIFTY FUTURE OUTLOOK (12/01/2011)
What a day for traders yesterday. Just like it was predicted earlier in this column, market gyrated violently .
For today's trading, 5795 is the Market Balance Point.
Support are placed at 5750 .
Reversal from Market Balance Point or Support will take nifty to 5835.
Crossing yesterday's high of 5842, nifty will generate momentum and move to 5875, 5910 and 5930.
Trade below 5728 is huge sign of trouble and nifty will crash to 5695, 5650, 5625.
NEXT: A beautiful trading day
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
Wednesday, January 12, 2011
Nifty Future Trading 12-JAN-2011
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