Sunday, February 27, 2011

Indian Stock Market Weekly Outlook


NIFTY FUTURE OULOOK


               Union Budget is just around the corner.
How will nifty react to budget?


Let us have a look at the charts.






Nifty future will have supports at 5245 and 5200 levels next week.


Break below 5160 will open up targets on the downside.


Nifty could fall to 5085, 5000 in such a scenario.




On the upside, nifty future will get resisted at 5395, 5440 and 5460.


Trade above 5480 will open up targets upto 5555 and 5620.




NEXT: Friday



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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