Wednesday, February 9, 2011

Indian Stock Market Daily Outlook

NIFTY FUTURE 09-02-2011


NIFTY Future looks all set to achieve our target projected using fibonacci studies.




Readers who have been trading as per this chart would have minted the almighty dollar.




Todays trading levels:


Balance point: 5317


Support: 5285, 5260


Breakdown: 5250


Breakdown Targets: 5225, 5200.


Resistance: 5340, 5360


Breakout: 5375


Breakout target: 5405, 5430.




NEXT: Crash and Burn








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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