Monday, May 2, 2011

Indian Stock Market Daily Outlook

NIFTY FUTURE OUTLOOK 03-MAY-2010


Nifty reversed from resistance level given in this column and fell to first target of 5703.


For tomorrow's trading, nifty future will have resistance at 5755.


Break above 5775 will turn nifty to bullish and index will move to 5795, 5815 and 5830.


Reversal from resistance will take nifty to 5705, 5690.


Break of 5675 will cause more heartbreak for bulls and index will correct to 5655 and 5635.


Meanwhile our positional call of CAIRN is near target level.


Readers who missed the CAIRN call can access it here


We play to win @JerryTechnicals





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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